Stig Ostgaard

Stig Ostgaard

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 Stig Ostgaard

Stig Ostgaard Turtle Trader Richard Dennis
1980 Trend
Following 25
Trader
Last Atlantis Capital Management

: Turtle Trader Richard Dennis

Stig Ostgaard

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 Stig Ostgaard

(Trend- Following)



20

50

.. 1950
(
100 )

(Negative
Number) (Zero Number)

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 Stig Ostgaard

(Plungers),
(Corner) Daniel Drew, Jay
Gould, James A. Patten Arthur Cutten

?
?

( )
Breakout Systems, Moving Average Systems, Volatility

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 Stig Ostgaard

Systems

?
?

(Keynesian)
(Animal- Spirits)





, ,

(Meta-Level)

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 Stig Ostgaard

1) -

2)

3)

4 :

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3
-,
(Staying with the trend)

David Ricardo
.. 1970 1981

(Cut short your losses; let your profits run on)

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 Stig Ostgaard

(Grain Market) Arthur W. Cutten


Cutten

Jesse Livermore

-
(the big money [is] not in the individual fluctuations but in the main
movements that is, not in reading the tape but in sizing up the entire market and its trend)

Reminiscences of a stock
operator Edwin Lefevre Saturday
Evening Post 1922-23

Larry Livingston
Jesse Livermore

Livermore

Old Partridge .. (Its Bull
market, you know)

Livermore

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 Stig Ostgaard

(
Livermore )

Old Partridge

- ?

?
?

19 Rothschild


Nathan Rothschild

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 Stig Ostgaard

Wall Street

, ,
(Pools),
(Publicity campaigns), (Bear raids)
(Watering of stock)

19 (Grain Market)


,
18

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(Corner)

18 19 ,



Joseph Leiter (Wheat Market)
.. 1897-98 P.D. Armour
6,000,000

James A. Patten


.. 1909

?

?

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 Stig Ostgaard

.. 1867 Benjamin P. Hutchinson Old Hutch

(Long)
(Short)
Hutch
$2.85
90

Old Hutch
Hutch
?



James A. Patten


Short
Long

Benjamin
Hutchinson
19
(Pools or Rings) ?

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 Stig Ostgaard

Wall Street

19


(Bubbles)

(Panic)

19

Ten Year In Wall Street William
Fowler .. 1870
.. 1862





.. 1869

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Fowler

Fowler
.. 1870 Matthew Hale Smith Twenty years
among the bulls and bears of wall street James K. Medbery
Men and Mysteries of Wall Street

Wall Street



Twenty-eight Years in Wall Street Henry
Clews
Speculation as Fine Art Dickson Watt .. 1891

Fowler, Smith

, ,

Vanderbilt Gould

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 Stig Ostgaard

Fowler
Pat Hearne
1% 1%
Clews Twenty-eight Years



-

?
?

?


-

-

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19



,

?

?
?

Charles H. Dow
Wall Street Journal .. 1899
1902 William Hamilton .. 1903 1929
Robert Rhea 1932

(Dow Theory)


:

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 Stig Ostgaard

(

)

(
)

-

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 Stig Ostgaard

Robert Pretcher R.N. Elliott
Elliott Wave

Richard W. Schabacker, Robert D.

Edwards John Magee
Edwards
Magee 3 Technical Analysis of Stock Trends

Technical Analysis of Stock Trends

.. 1948, Technical Analysis and Stock Market Profits Schabaker
.. 1932 Profits in The Stock Market Harold M Gartley
.. 1935



(Flag), (Pennants),
(Triangles), (Head and
Shoulder)

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 Stig Ostgaard

Edwards
(Profits are made
by capitalizing on up or down trends, by following the until they are reversed) !
(Trends) (Follow)

Schabacker,
Gartley, Edwards Magee (Trend Line)
()
- (Breaking)
( -
- ) Schabacker

(Whipsaw)

Schabacker, Edwards Magee

?
Edwards

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 Stig Ostgaard

3 (
) Stock Movements and
Speculation Frederic Drew Bond .. 1928
Double Tops Double Bottoms
..
(
)

?
.. ,

Truth of the Stock Tape William D.

Gann 1923


Truth of the Stock Tape

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 Stig Ostgaard

Studies in
Tape Reading Richard D. Wyckoff
.. 1910 ( Rollo
Tape Wyckoff
)
(Follow the Trend)
Jacob Field
(Prince of the Floor Trader)

Wyckoff
(Trend letter)

-

-
(Rollo Tape)

Wyckoff

(**

-)

Wyckoff

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 Stig Ostgaard

Jesse Lauriston Livermore

Jesse Livermore

Edwin Lefevre
How to Trade in Stocks
.. 1940 Livermore




( Dickson Watts .. 1891)

- -
-


(Line of the least resistant)

.. 1940
How
to Trade in Stocks -

(Following the trend) :

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Livermore (Pivotal
Points)
Edward Magee (Basing Points) -
( $30
$3 $6 )

Livermore
- - (Breakout System)
(Trendline System)
(Filter rule)
Livermore

Livermore
Livermore

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Edwards Magee, Livermore
.. 1930 1940
Cowles Commission for
Economic .. 1937 ( Cowles Foundations at Yale University)
Alfred Cowles 3 () Herbert E Jones
-
20 7

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Fortune
1949 Fashions in Forecasting Alfred
Winslow Jones (!
Hedge Fund
)

Mansfield Millss Buying and Selling Curve, (Dow
Theory)


(Reflexivity Theory) Goerge Soros

( -
)

Jones
/ (Trend Follower) (Trend Following)

:

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 Stig Ostgaard

Mills Lowry ( Mansfield Millss Buying and Selling Curve)

(Trend-Lagging)

William Dunnigan
,
.. 1950
Forecasting the Monthly
Movement of Stock Prices .. 1930
Trading With the Trend .. 1934
.. 1950

Dunnigan Thrust
System One-way System

(Trap Forecasting)
(Continuous Forecasting)
(
)

(Trapped)
- (Breakout)

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 Stig Ostgaard

(Continuous Forecasting)
(Trap) (**)

? .. 1954 New Blueprints for
Gains in Stocks and Grains

(Law of Inertia Momentum)

(Unknown Period of time)

William Dunnigan

Elmer Clark Bratt
Dunnigan Trading with the Trend Bussiness

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Cycles and Forecasting (

) Elmer

Dunnigan
(Trading with the trend)

Richard Donchian
Trend-Following Methods in Commodity Price Analysis
.. 1957 (Commodity Yearbook of 1957)
Donchian

(Moving Average) (Swing Trading)

Dunnigan Donchain
(Trading System)

..
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Richard Donchian
,
(Future
Fund) Future Inc. .. 1960

Trend Timing
5 20

(Diversified) ,

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 Stig Ostgaard

(Conclusion)

Dunnigan Donchian

Dunnigan Donchian
(Trend Following)

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