This morning we begin to delve into the incredible mind of Phil Erlanger who is the founder of Phil Erlanger Research Inc. and the creator of Erlanger Chart Room. The first subject is bias.
The concept of bias is very simple. Do you want to be long or short? For this, Phil uses the Displaced Moving Average (DMA) Channel to decide the bias. One of the great videos on bias that Phil created was in August of 2009.
Despite its age, the video is worth the time.
If you like this concept and want a free trial, then go to Good Morning Wall Street to sign up for a trial.