In the article Wyckoff Schematics: Visual templates for market timing decisions the authors describe the application of Wyckoffian logic terminology. We have applied this logic to the SP500.
When applying the Wyckoffian terms you feel like Christopher Columbus, discovering new lands, drawing up maps, naming important sites, navigating unknown waters. Just like Columbus you are making the path forward more clear, not for colonization but for investing. I hope that was not too much of a stretch but like it or not investing is a 'discovery business'. Once you have the market mapped out, you know when to invest and when not to. Understanding 'Wyckoffian terms' with 'Hurst Cycle' and 'Gann Angle' logic provides the investor with an advance set of chartology skills.
NOTE: Readtheticker.com allows members to use 'text' and 'symbols' to reference Wyckoff terms on charts. The chart below was annotated via Paint.net
More here: Richard Wyckoff