| Below - Illustration from Chapter 6: This week has not seen any highly significant signals. A signal from the "Calibrated RSI at 80 and 20 for Modal BiWeekly Cycle", was flagged on Thursday, February 25, 2010. This value of the indicator is generally interpreted as a sell signal. |
 Summary of Recent Reports:Weekend Report Comments on Saturday, March 13, 2010:
It is generally thought to be bad news when both price and volume decline, which is exactly what happened to PNW this week, but sometimes this situation can be a buying opportunity. Conditions are becoming more favorable, according to the 14 bar Wilder RSI, but the values are in the middle of the range, indicating this issue is probably near the fair price for the time being. The general RSI remains in the same range as last week, with a small favorable drift. Negative Volume Indexes are running at fair price levels. It lost ground during the last week, but is still up for the month. PNW is now in phase two of the oscillation cycle around the 200 session average. The price is 14.00 % above the line, but some convergence has taken place during the week. From the Update 3/18/2010 : The candle representing 3/18/2010 was a Star short body SpinningTop after a Star short body previously. A star happens when the body range is entirely outside the range of the day before. So there has been a gap, indicating a strong new direction. This week has not seen any highly significant signals. A signal from the "Calibrated RSI at 80 and 20 for Modal BiWeekly Cycle", was flagged on Thursday, February 25, 2010. This value of the indicator is generally interpreted as a sell signal. |
Table of Contents
Volume I: Classical Analysis:
Chapter 1:
Classical Analysis provides a good overview of the data for Pinnacle West Capital Corporation, and reveals patterns that will be explored with detail in later sections. See PNW Classical Analysis.
Chapter 2:
Risks associated with short and long period price changes can be understood through Volatility Analysis. Here the impact of the Volatility Curve on the potential profitability positions across different time spans is shown. See PNW Volatility Risk.
Chapter 3:
Historical Volume Trends are analyzed here, revealing seasonal patterns and the influence of the Business Cycle. See PNW Historical Volume.
Chapter 4:
A look at Traditional Seasonal Analysis of Pinnacle West Capital Corporation Historical Prices identifies the best and worst months to be invested. See PNW Calendar Year Trends.
Chapter 5:
Moving Averages of various flavours are popular indicators. Here we test the predictive ability of different averages as applied to prediction of Pinnacle West Capital Corporation prices. See Average Indicators.
Volume II: Modern Technical Analysis:
Chapter 6:
Some say that modern analysis began with the successful identification of technical oscillators such as the highly effective Wilder RSI. See Technical Oscillators.
Chapter 7:
This chapter takes a view somewhat similar to standard analysis of seasonal trends, but it is based on the 4 year or 2 year Political Calendar rather than the 1 year Standard Calendar. Political Seasons work better than Calendar Seasons for predicting prices of many companies. See Politics and Prices of PNW.
Chapter 8:
Volume Stratification Analysis tracks the volumes associated with price levels over the entire history of a stock. The resulting analysis yields a framework for understanding the mechanism behind support and resistance levels, and a scientific basis for predicting price behaviors due to those levels. See Volumetric Analysis.
Chapter 9:
Analysis of Market Momentum as the product of Price and Volume drives an interpretation considerably more sophisticated than those that consider Price Momentum alone. See Momentum Investing Indicators.
Chapter 10:
Technical Analysis discovers the range of moods of investors toward PNW. See Market Sentiment.
Section 11:
The length of "Runs", (the number of consecutive price movements up or down) reveal some new ways to visualize Price Series Data. A discussion of the "Monte Carlo Fallacy" and it's relevance to Stock Price Prediction leads to a revisionist method of Price Projection using the Bernoulli Analysis. See Bernoulli Run Analysis.
Chapter 12:
Japanese Candlesticks have a long history, but continue to be used because some of their best concepts are based on universal Investor Psychology. See Japanese Candlesticks.
Volume III: Advanced Visualization and Prediction:
Chapter 13:
Multi-spectral analysis reveals behavioral features of PNW prices that may not be apparent to ordinary analysis. See Support and Resistance.
Chapter 14:
Combining the historical behavior surfaces with the geometry of long standing periodic price oscillations yields a behavior surface of more than three dimensions which has an extremely low residual error compared to other methods of analysis. See Price Behavior Surfaces.
Chapter 15:
Frequency Analysis and Waveform Characterization are applied to the historical prices of Pinnacle West Capital Corporation in this chapter. See Frequency and Waveform Analysis.
Chapter 16:
Predictions and Forecasts. What will happen to PNW over the next few months? See PNW Price Predictions.
Volume IV: Final Results and Trading Strategy:
Chapter 17:
This chapter rates some "single company strategies" for Pinnacle West Capital Corporation speculators. One of the most important aspects of a good money management strategy is the proper setting of stop loss orders. See Single Company Strategies.
Chapter 18:
The trading policies that work well when applied to speculation in any one companies stock may fall short when applied to the more usual situation where a person is speculating on a basket or portfolio of companies. Here we find the best muti-company portfolio trading policies. See PNW Multi-Company Strategies .
Appendix A:
The statistical abstract for Pinnacle West Capital Corporation gathers the most relevant analysis into a single chapter. See PNW Final Results . |
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