aeqyjhjr31
12-09-2017,
Hi All,
Can anyone please provide an explanation on the Boxcar Effect as it applies to TA? I understand it has to do with price behaviour as a trend or maybe averaging period is finishing.
I came across the term in a review of Murphy's "Technical Analysis of the Financial Markets" - the tome was criticised for NOT describing this "important" phenomenon.
What does it mean? How does it work? Is it a useful tool?
Googling has turned up nothing for me so far any good references?
Thanks in advance
Can anyone please provide an explanation on the Boxcar Effect as it applies to TA? I understand it has to do with price behaviour as a trend or maybe averaging period is finishing.
I came across the term in a review of Murphy's "Technical Analysis of the Financial Markets" - the tome was criticised for NOT describing this "important" phenomenon.
What does it mean? How does it work? Is it a useful tool?
Googling has turned up nothing for me so far any good references?
Thanks in advance