Michael Schweighardt
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The "Titans" of Technical Analysis
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Charles Dow:
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Pioneered the Dow Theory, the foundation of technical analysis.
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Late 19th-century journalist and co-founder of Dow Jones & Company.
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Identified primary, secondary, and minor trends; emphasized price reflecting all info.
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Ideas from Wall Street Journal editorials, not a single book.
- Key for spotting market direction via trend confirmation
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Pioneered the Dow Theory, the foundation of technical analysis.
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Ralph Nelson Elliott:
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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Former accountant who saw repetitive wave patterns in price movements.
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Five-wave trends, three-wave corrections, fractal in structure.
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Complex and subjective, loved for capturing human sentiment.
- Ideal for traders attuned to emotional market cycles
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Developed Elliott Wave Theory in the 1930s, focusing on market psychology.
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W.D. Gann:
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Early 20th-century trader blending math, geometry, and mysticism.
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Created Gann Angles and Square of Nine for price-time predictions.
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Linked market moves to natural laws and celestial events.
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Polarizing—some praise his precision, others find it arcane.
- Known for time cycles and key level analysis.
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Early 20th-century trader blending math, geometry, and mysticism.
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Richard Wyckoff:
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Early 1900s stockbroker decoding “smart money” moves.
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Wyckoff Method tracks accumulation/distribution via price and volume.
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Focused on market structure and institutional intent, not indicators.
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Urged traders to think like the “composite man” behind the charts.
- Prized for practical, tape-reading skills.
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Early 1900s stockbroker decoding “smart money” moves.
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John Bollinger:
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Financial analyst turned trader; still active today.
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Bands use two standard deviations around a moving average.
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Simple, effective for breakouts and reversals.
- Keeps relevance in modern, algo-driven markets.
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Introduced Bollinger Bands in the 1980s, a volatility-based tool.
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Arthur Merrill:
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Mid-20th-century statistician/engineer turned analyst.
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Identified 32 chart patterns (M1-M16, W1-W16) for reversals/continuations.
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Built on Dow’s ideas with statistical rigor; wrote Behavior of Prices on Wall Street.
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Focused on observable, repeatable price formations.
- Bridges charting and quantitative analysis; patterns still watched today.
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Mid-20th-century statistician/engineer turned analyst.
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Charles Dow:
