| P/E |
Price-to-earnings ration.
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|
| Parabolic (SAR) |
The Parabolic is a Time/Price system for the automatic
setting of stops. The stop is both a function of price
and of time. The system allows a few days for market
reaction after a trade is initiated after which stops
begin to move in more rapid incremental daily amounts
in the direction the trade was initiated. For example,
when a long position is taken the stop will move up
regardless of price direction. However, the distance
that the stop moves up is determined by the favorable
distance the price has moved. If the price fails to
move favorably within a certain period of time, the
stop reverses the position and begins a new time period.
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|
| Patterns |
The movements that prices make as they zigzag their
way along a chart form "patterns". Technical
analysts look to this history of repeating patterns
as having a predictive value. The patterns are given
names which roughly describe the shapes they draw on
the charts: head and shoulders top, head and shoulders
bottom, symmetrical triangle, ascending and descending
triangles, double tops, and double bottoms. (See
more information on Patterns).
|
|
| per share value |
The result of any financial data divided by the number
of shares of stock outstanding.
|
|
| Point And Figure Chart |
A chart which plots
price only. X's are place in boxes representing up days;
and O's are placed in boxes representing down days. There
is no provision for time in point and figure charting.
As long as the trend remains the same, the X's or O's
are placed above or below each other. When a reversal
takes place, the next vertical column starts the next
trend. |
|
| portfolio |
The collection of investments
owned by an investor, or a mutual fund or other organization. |
|
| previous day's close |
The previous trading
day's last reported trade. |
|
| price-to-earnings ratio |
The ration obtained
by dividend the prices of a stock share by its associated
earnings per share. |
|
| program trading |
Trades based on signals
from computer programs. These are usually entered directly
from the traders computer to the market's computer system. |
