Technical analyst John Tiron came up with Tirone levels: a way to determine the support and resistance of the price of an asset on line charts. Rather than working in nominal numbers, Tirone levels function based on percentages.
The Tirone levels are a series of three horizontal lines in a row. The middle line is drawn by calculating the average of the highest high and lowest low price of an asset in a certain timeframe. The top and bottom lines, around that middle line, are drawn at one-third and two-thirds of the distance respectfully. If this sounds like the quadrant lines of the Fibonacci retracement, you’re correcto-mundo.
The top line represents the resistance level: the highest price that stock will probably go for. Likewise, the low line represents the support level: the lowest price that stock will probably sell for.
Support and resistance levels are mainstay tools in almost all technical analysts’ tool belts. It’s tool time.
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Finance: What are Bonds?393 Views
Finance a la shmoop what is a bond? well a bond is your word your promise your [Women shake hands]
handshake your John Hancock on a contracted piece of paper your mortgage
your credit card debt yeah their bonds to your "I swear I'm not a deadbeat"
declaration... that's your bond right well bonds come [Man lying on a sofa]
in many complex flavors and compositions simply put bonds are loans aka debt you
borrow money or you promise or you you bond that
you'll pay it back when you borrow money the amount you borrow is called the
principal you pay rent on that amount borrowed and that rent is called [rent appears at bank]
interest to the entity loaning you the money that interest is called yield
thank you very much for the yield like if the lender rents you a grand for a
year and you pay them a thousand 80 bucks at year-end paying back the
principal and then the rent on the money while the lender will have had a yield [Yield of lender appears]
of 8% on the grand that they loaned you so that's a bond you borrow money you
pay it back and if you don't the person who loaned you the dough well they [Person stamped with property of shmoop bank]
generally own your tuchus and yeah you know what Shakespeare said about bonds
yeah that's what he said so if you don't really know what you're doing don't do
it...
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