George Lane (technical analysis)
Encyclopedia
George Lane M.D. was a Doctor of Medicine, securities trader, author, educator, speaker and technical analyst
. He developed and popularized the stochastic oscillator
, which is one of the core indicators used today among technical analysts. Lane was also President of Investment Educators Inc. in Watseka, Illinois
, where he taught investors and financial professionals basic and advanced technical analysis methods.
, Washington and Lee University
,
Northwestern University
, The Academy, The Citadel, The College of William & Mary, and The New School
.
. Later, George Lane joined the research group at Investment Educators, the firm he would eventually own.
As prices move down, the close of the day has a tendency to crowd the lower portion of the daily range. Just before you get to the absolute price low, the market does not have as much push as it did. The closes no longer crowd the bottom of the daily range. Therefore, Stochastics turns up at or before the final price low.
Technical analysis
In finance, technical analysis is security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis incorporate technical analysis, which being an aspect of active management stands...
. He developed and popularized the stochastic oscillator
Stochastic oscillator
In technical analysis of securities trading, the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr. George Lane promoted this indicator in the 1950s. The term stochastic refers to the location of a current price in relation to its price range over a period...
, which is one of the core indicators used today among technical analysts. Lane was also President of Investment Educators Inc. in Watseka, Illinois
Watseka, Illinois
Watseka is a city in and the county seat of Iroquois County, Illinois, United States. It is located approximately west of the Illinois-Indiana state line on U.S...
, where he taught investors and financial professionals basic and advanced technical analysis methods.
Education
A biography at ino.com says George Lane had “an extensive academic background,” having attended Drake UniversityDrake University
Drake University is a private, co-educational university located in Des Moines, Iowa, USA. The institution offers a number of undergraduate and graduate programs, as well as professional programs in law and pharmacy. Today, Drake is one of the twenty-five oldest law schools in the country....
, Washington and Lee University
Washington and Lee University
Washington and Lee University is a private liberal arts college in Lexington, Virginia, United States.The classical school from which Washington and Lee descended was established in 1749 as Augusta Academy, about north of its present location. In 1776 it was renamed Liberty Hall in a burst of...
,
Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
, The Academy, The Citadel, The College of William & Mary, and The New School
The New School
The New School is a university in New York City, located mostly in Greenwich Village. From its founding in 1919 by progressive New York academics, and for most of its history, the university was known as the New School for Social Research. Between 1997 and 2005 it was known as New School University...
.
Career
Lane began his 50-year career in the financial markets with the E.F. Hutton & Co. brokerage in the 1950s. His broker’s training included time spent under the tutelage of Joseph GranvilleJoseph Granville
Joseph E. Granville , often called Joe Granville, is a financial writer and investment speaker. He popularized the use of "on balance volume", a technique of technical analysis that attempts to predict future prices of stocks, commodities, and other financial assets traded on financial markets for...
. Later, George Lane joined the research group at Investment Educators, the firm he would eventually own.
Stochastics
A March 2007 article quoted George Lane’s description of his famous indicator: “Stochastics measures the momentum of price. If you visualize a rocket going up in the air — before it can turn down, it must slow down. Momentum always changes direction before price.”As prices move down, the close of the day has a tendency to crowd the lower portion of the daily range. Just before you get to the absolute price low, the market does not have as much push as it did. The closes no longer crowd the bottom of the daily range. Therefore, Stochastics turns up at or before the final price low.