The Opening Call
Basil Chapman's daily newsletter, The Opening Call, gives you Basil's daily market overview, with the direction of the key indices, selective stocks and commodities, based on his ChapmanWave methodology.
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Your subscription will automatically renew, using the credit card used during initial purchase, whenever it expires. So you don't need to worry that your subscription will lapse and you'll miss out on critical market information.
As Editor of The Chapman Marketline and Trendswatch since 1984, Basil Chapman's service has been used by Fidelity's Technical Department, hedge funds, banks, money managers, and individual clients. Often quoted in Barron's MarketWatch section, as well as winning TheStreet.com's "timing" competition, where his analysis has often been referenced, Basil has a history of significant market-trend calls.
While hand drawing charts from the late 1970s into the 1980s, he noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later he found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns. As well as market trend calls.
Thus was born the ChapmanWave© Up/Down Sequence.
The ChapmanWave© Up/Down Sequence, is a technical method of identifying price trends, and internal strength or weakness. The basis for the waveform is the sequential, alphabetically notated, rising or falling peaks or troughs.
Primary technical tools are the MACD and the stochastics. Where needed, trendlines, channels, moving averages, Fibonacci levels, the ARMS Index, the tick, and volume, are utilized.
Because this methodology works in any given time frame, in both rising and falling trends, the expression, "The waveform that never sleeps," seems appropriate.