If the Industrials go up, but the Transports fail to follow (non-confirmation), Sperandeo considers that a warning sign of a pending reversal. He famously used this non-confirmation to identify the topping process before the 1987 crash.
The book, first published in 1993, is a comprehensive guide to Sperandeo's approach to trading, which combines technical analysis, market psychology, and risk management. Here are some key points and takeaways from the book:
Sperandeo’s methodology rests on several key pillars:
If the Industrials go up, but the Transports fail to follow (non-confirmation), Sperandeo considers that a warning sign of a pending reversal. He famously used this non-confirmation to identify the topping process before the 1987 crash.
The book, first published in 1993, is a comprehensive guide to Sperandeo's approach to trading, which combines technical analysis, market psychology, and risk management. Here are some key points and takeaways from the book: If the Industrials go up, but the Transports
Sperandeo’s methodology rests on several key pillars: If the Industrials go up