Behavior of Prices on Wall Street

Behavior of Prices on Wall Street by Arthur Merrill is one of the most respected and statistically grounded studies of market price behavior ever published. Merrill combines decades of historical market data, price studies, cycle research, and probability-based examination to reveal how prices actually behave — not how traders think they behave.

Instead of relying on opinions or market myths, Merrill provides hundreds of empirical observations, including trend behavior, reversal tendencies, oscillation patterns, momentum characteristics, and seasonal biases. The digital book includes exhaustive statistical tables, pattern frequencies, and historical market reactions that give traders a realistic view of how markets move.

Merrill’s work focuses on what the market truly does, not what traditional chart lore claims. He examines:

• short-term and long-term price tendencies
• daily, weekly, and monthly movement patterns
• recurring oscillations in price series
• cycle dynamics and timeline rhythms
• statistical probabilities of continuations and reversals
• volatility structures that repeat over decades

This book is essential for traders who want to base their decisions on measurable historical evidence rather than subjective interpretation or untested theories. Arthur Merrill’s research remains one of the most valuable empirical foundations in technical analysis.

✅ What You’ll Learn:

• How price patterns behave across decades of market data
• The real statistical probabilities behind reversals and continuations
• Daily, weekly, and monthly market tendencies
• The structure and behavior of oscillations and cycles
• How volatility and momentum evolve across time
• Probabilistic setups supported by long-term research
• Why certain market movements repeat with statistical consistency
• How historical evidence improves timing and strategy selection
• How to align your trading with empirical market tendencies
• How cycles influence medium- and long-term market rhythm

💡 Key Benefits:

• Gain a fact-based understanding of market behavior
• Replace speculation with statistically verified insights
• Improve timing and strategy selection using empirical data
• Strengthen technical analysis through evidence, not theory
• Learn historical patterns that remain valid across market eras
• Build a more disciplined, probability-driven trading framework

👤 Who This Book Is For:

• Intermediate and advanced traders relying on empirical evidence
• Technical analysts studying cycles, oscillations, and pattern statistics
• Quantitative-minded traders seeking probability-based insights
• Market historians and researchers
• Traders wanting to validate strategies with long-term data
• Anyone who wants to understand how prices actually behave

📚 Table of Contents:

• Aim of this Book
• Significance
• Behavior in the Presidential Cycle
• Behavior through the year
• Behavior through the month
• Behavior through the week
• Behavior through the day
• Behavior through the seasons
• Behavior near holidays
• Behavior when news breaks
• Behavior after a move by the Federal Reserve
• Behavior near support or resistance
• Behavior relative to dividends
• Behavior as influenced by price
• Behavior in runs
• Behavior in patterns
• Behavior in M and W wave patterns
• Behavior in Time patterns
• Behavior in cycles
• Behavior in trends
• Behavior in Bull and Bear markets

Behavior of Prices on Wall Street By Arthur Merrill