The goal of the following section i

The goal of the following section is to advance a rather straightforward and logical argument: In order to understand a market's structure, one needs to read and gain an understanding of present market-generated information. Once this is accomplished, one is able to distinguish between types of market activity as well as prices. To provide the meat of the argument, the following principles have been stripped to their barest essentials and are presented in outline fonn. The principles presented in this outline, their implications lor trading and investing implementation, and several definitions will be developed later in this section and illustrated in working examples in the second section. Do not become intimidated by this outline. Skip it if you must, and refer back to it as you become comfortable with these concepts as they are developed and explained in later chapters.