Foreword by Dr. Henry Pruden     xv Introduction     1   Part I:  A Wyckoff-Lowry Analysis of Major Market Tops and Bottoms Since 1968 Chapter 1   Richard D. Wyckoff and Lyman M. Lowry: The Analysts and Their Methods     11 Chapter 2   How Major Market Tops Form: Part I, The Preliminaries     19 Chapter 3   How Major Market Tops Form: Part II, The End Game     39 Chapter 4   How Major Market Bottoms Form: Part I, Panic and Capitulation     61 Chapter 5   How Major Market Bottoms Form: Part II, Accumulation and Breakout     83   Part II:  Combining a Wyckoff-Lowry Analysis with Other Tools for Timing Major Market Tops and Bottoms Chapter 6   Building a Cause: How R. D. Wyckoff Uses Point and Figure Charts to Establish Price Targets     103 Chapter 7   Identifying Major Market Top and Bottoms: Other Tools to Consider     127 Chapter 8   The Curious Case of the 2000-2001 Market Top and Demise of the Secular Bull Market     151 Chapter 9   A Wyckoff/Lowry Analysis of the 2000 Market Top     167 Chapter 10  Where Are We Now?     179 Chapter 11  Putting It All Together     193 Index     197

“Dickson and Knudsen have given us a straightforward manual on the proven techniques of two giants in the field of Technical Analysis: L.M. Lowry and R.D. Wyckoff. This is a clear exposition about how to identify the major trends and how to profit by them. They take the ‘fear and greed’ away and leave objective rules. For example, Dickson and Knudsen explain ‘90% up days’ and ‘90% down days,’ an indicator long attributed to the Lowry service. The notion of ‘operating company breadth’ and the percentage of stocks above their 30-week moving averages, frequently mentioned in the Lowry service, are fleshed out. Tops and bottoms are processes; the book explains the evolution of tops and bottoms, using the major swings in the first decade of the 21st Century for examples. The Wyckoff notion of ‘cause and effect’ is detailed using Point & Figure charts. I recommend Mastering Market Timing for professionals trying to outperform their benchmarks and individuals trying to boost the returns in their IRAs and 401k’s.” --Philip J. Roth, CMT, Chief Technical Market Analyst, Miller Tabak + Co.; three-time past President of the Market Technicians Association   “Combining the knowledge, skill, and forecasting ability of legendary stock market analysts Richard D. Wyckoff and Lyman M. Lowry into a systematized market-timing model, Dickson and Knudsen have produced a landmark book that is useful not only to market historians, but also to those wishing to follow in the footsteps of the aforementioned masters.” --Charles D. Kirkpatrick, Kirkpatrick & Company, Inc.; co-author of Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition   “Mastering Market Timing deals the ‘market timing doesn’t work!’ myth a mortal blow as Dickson and Knudsen combine--for the first time--the decades-old and oft-validated methodologies of market legends L.M. Lowry and Richard D. Wyckoff to explain how major stock market tops and bottoms are formed. Serious investors are taught how to recognize major tops and bottoms in the stock market as they unfold and thereby significantly improve their long-term returns. Mastering Market Timing is destined to become an invaluable reference to help investors identify future major tops and bottoms.” --Walter Deemer, “Walter Deemer’s Market Strategies and Insights” and President, DTR Inc.   “Richard A. Dickson and Tracy L. Knudsen deserve high-fives and extra kudos for making a significant and distinct contribution to the understanding and the application of the Wyckoff Method of technical market analysis...In my quest to understand the essence of Wyckoff, I frequently became stymied by the ambiguity of simple bar charts of price and volume when trying to decipher the relative impact of demand vs. supply in a given price action. But now, thanks to this book by Dickson and Knudsen, the separate measurements of demand and supply using Lowry’s indicators of Buying Power and Selling Pressure offer the breakthrough I’ve needed. I now have the deeper, clearer, more efficacious grasp on the Wyckoff Method that I’d been seeking.” --Henry O. (Hank) Pruden, PhD., Professor of Business and Executive Director of the Institute for Technical Market Analysis in The Ageno School of Business, Golden Gate University, San Francisco; author of The Three Skills of Top Trading   For generations, technical analysts have relied on the Wyckoff method for understanding price/volume interactions, first created by Richard D. Wyckoff, one of the world’s leading stock traders. More recently, many have also applied the Lowry Analysis, an exceptionally powerful approach to understanding the forces of Supply and Demand. Now, two leaders at Lowry Research show how to combine these methods into a single, easy-to-use approach for optimizing any long-term investing decision.   Drawing on more than 50 years of experience as technical analysts, Richard A. Dickson and Tracy L. Knudsen help you uncover insights and identify emerging trend shifts that other technical methodologies simply can’t reveal. They explain each concept clearly and simply, with realistic examples--making this book valuable to a wide range of investors, including those without strong technical analysis experience or mathematical training.   Wyckoff + Lowry: deeper insights, higher profits Combine two of the world’s best technical analysis methodologies   Springs, shakeouts, upthrusts, and more Confirm the preliminary signs of changing trends   How raging the bull? How bad the bear? Predicting the extent of market upturns and downturns   Putting it all together Walking through the analysis process, from start to finish

The first guide ever to blend trading legend Richard Wyckoff’s timing methods with Lowry Research’s analysis to achieve bigger profits. A unique method for optimizing investment decisions—no math degree or deep technical analysis experience needed! The first guide to combining Wyckoff and Lowry, from insiders at Lowry Research, the nation’s longest continually published Technical Investment Advisory. Helps investors leverage deep insight into interactions of price and volume, supply and demand.