The TAPS (Technical Analysis Point Score) indicator is an easy to understand, graphical way to show the results of complex Technical Analysis (TA) ‘Studies.’
The simple ‘slider ball’ can move a total of five notches starting from far left (Weak) to far right (Strong).
If the ball position has moved since the prior period,
Ever since there’ve been markets and cycles, investors have been trying to predict what’s going to happen next. You can reap huge rewards if you get that one piece of information correct.
Trillions of dollars and billions of man-hours have been spent over the last 100 years trying to figure out how to best predict market cycles.
You may know a bit about me and my history. Yes, I am a proud Harvard man. As proud as I am of my education though, my Harvard MBA didn’t help me much in learning how to predict real estate markets. However, I did learn a priceless lesson I think you need to hear about cut throat competition.
Remember that amusement park ride, the little helicopter where you could push a bar back and forth to go up or down? It would spin around a circle, and if the operator threw a switch, you could ‘control’ the copter in a very small way.
As a child, it felt like you were really flying,