|
Page |
Description |
| The
following changes will only need to be made if you have an edition that was printed
before the sixth printing. If any of the following changes were already made
in your book, then you will not need to make any of the following changes. |
| 35 |
In the second paragraph, the fourth sentence says, "..."Buy"
arrows were drawn when the Stochastic Oscillator peaked in overbought territory and "sell" arrows indicate when..."
It should say, "..."Sell" arrows were drawn when the Stochastic Oscillator peaked in overbought territory and
"buy" arrows indicate when..." The chart shows the buy/sell arrows correctly, but the accompanying
text has the terms switched. |
| 106 |
In the calculation for the Commodity Channel Index, the fifth bullet
multiplies "Column H" by 0.015. It is worth noting that the value 0.015 remains constant regardless of the number of
periods in the index. Lambert did this so the index would be in a range closer to +/-100. |
| 121 |
In Figure 71 (at the top of page 121), the text says, "Sell arrows
indicate when -DI falls below +DI." This is backwards. It should say "Sell arrows indicate when -DI rises
above +DI." The buy/sell arrows are drawn correctly and the other statement (regarding buy arrows) is correct. |
| 130 |
In the first sentence on the page, the text says, "...the number of
time periods used in the RSI calculation changes each day based on volatility." It should say, "...the number
of time periods used in the DMI calculation changes each day based on volatility." |
| 233 |
The last paragraph on this page should be replaced with, "As with
TRIN (aka the Arms Index), higher readings are usually bearish and lower readings are usually bullish. The dividing point between
bullish (oversold) and bearish (overbought) is 0.90, rather than TRIN's 1.0.
Also similar to TRIN, extreme readings foretell a continuation of the current trend. The example in Table 51
shows that a reading of 1.0 is actually bullish (a continuation) rather than bearish (overbought)." |
| 244 |
The second "bullet" on this page states, "Column D is
first initialized to the Acceleration Factor Maximum (0.2 in this example)..." It should say "Column D is first
initialized to the Acceleration Factor Increase (0.02 in this example)."
The first few rows of the Parabolic SAR in Table 54 (also on page 244) should be as follows (the remaining data
in the table is correct):
| A |
D |
F |
| Date |
Acceleration
Factor |
SAR |
| 10/01/99 |
0.02 |
88.3125 |
| 10/04/99 |
0.04 |
88.3588 |
| 10/05/99 |
0.06 |
88.5294 |
| 10/06/99 |
0.08 |
88.8501 |
| 10/07/99 |
0.10 |
89.2621 |
| 10/08/99 |
0.12 |
89.8422 |
| 10/11/99 |
0.12 |
90.4836 |
| 10/12/99 |
0.12 |
91.0481 |
|
|
| 318 |
The discussion on calculating the exponential moving average in STIX
mentions the value of "0.9" in three places. This should be "0.09". |
| 328 |
The numerator in
the formula for the Swing Index should be:
C - Cy + 0.5 (C - O) + 0.25 (Cy - Oy) |
