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Richard D. Wyckoff was one of the most influential traders in stock market history.
Active in the first part of the 20th century, Wyckoff analyzed the techniques of the day’s great traders and developed an astounding approach to the market that is still extremely effective in today’s market action.
The Wyckoff method is a technical study
of price and volume, their interdependent
relationship and how they relate to the basic law of supply and demand.
These market activities are reflected in both vertical line and figure charts. Wyckoff often spoke about the “composite man”, a composite of all the major market traders.
His secret was to use charts and their price and volume relationship to determine the direction of the market and individual stocks.
The Wyckoff Course is both a comprehensive
tutorial on how to achieve consistent profits in the stock market, and a history lesson. Many of the charts in the course focus on classic studies that highlight time tested ideas and continue to be of value in today’s stock market.
The original course was actually written in 1931. However, the Wyckoff principles are as valid today as they were during the time of the great stock market speculators like Harriman, Keane and Morgan. These great traders of a bygone era, have been replaced by the large hedge, mutual and pension funds, but the Wyckoff strategies and the resulting profits are as solid and profitable just as they were over 80 years ago.
The Wyckoff principles were expanded by Robert Evans in the 1950s and 1960s. Evans, who learned the Wyckoff approach from the master himself, went on to share his knowledge by opening The Stock Market Institute.
His wonderful stories explained the Wyckoff strategies in easy to understand ways as he introduced “jumping the creek”, “falling through the ice” and many other delightful phrases all designed to make the course more interesting and understandable.
Course Contents
Unit 1
Technical Trading Techniques Workshop
One volume text &
supporting exhibits
Three lessons:
two detailed exams and
one practice test
Trading exercise
to demonstrate proficiency
Unit 2
Richard D. Wyckoff text in
Stock Market Science and Technique
Three volume text and supporting exhibits
Twenty-five lesson exams to test your understanding of text material
Unit 3
SMI Basic Lectures
Twelve cassette recordings or 1 MP3 CD covering the basic points of analysis
Twelve lesson exams to identify comprehension of concepts and principles
Unit 4
Practice Trading Phase
Six cassette recordings covering techniques of trading
Judging the Market – Instruction in how to come to conclusions about the general market
How to Select a Stock Instruction in how to determine which stock(s) are best positioned to profit from particular general market conditions
The Practice Trading Phase includes a free three month subscription to the Wyckoff Charting Service and the Pulse of the Market report.
Unit 5
Final Exam
Comprehensive review of subject matter covered in text, exams, basic lectures, and supplements in the Wyckoff/SMI program.
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