Alan Northcott > Quotes

“The averages reflect everything that can be known about a price. The markets exhibit three types of price movement. Primary movements have three phases. It takes both the DJIA and the DJTA to confirm a trend. Volume must increase in the direction of the trend to confirm it. A trend continues until there is a clear reversal.”
― Alan Northcott, Technical Analysis A Newbies' Guide: An Everyday Guide to Technical Analysis for Finance and Investing