Global Market Watch (GMW)
The GMWGMW. One of four core Socrates Platform models. This pattern recognition model provides an objective computer analysis of all covered markets based on technical price movement, to provide a visual of what is unfolding on a global basis. is a computer model that analyzes price movements to identify if any historical patterns may be reoccurring or if any new patterns may be forming.
You can see the GMW throughout the Socrates Platform.
Its primary objective is pattern-recognition, recording, and benchmarking.
Each covered market's price movement is analyzed and benchmarked independently against a historical record of patterns that the GMW has observed over time across all covered markets.
Colors and comments reflect GMW observations:
- Colors reflect the determination of the pattern or trend, with yellow and blue being the key colors.
- Comments reflect the patterns or trends that have occurred, are occurring, or are likely to occur.
Importance
As financial markets trade over time, a history of price movement reveals patterns that may repeat or help to reveal when new patterns are forming. The GMW is a visual assessment of those patterns that can be utilized in one of two ways:
- To help identify market activity that warrants further research.
- To use as an additional point of alignment with more detailed research.
The GMW is a supplementary study to a more comprehensive strategy or thesis that is being researched.
Comments
"In place" means an occurrence or event in a particular trend is over.
Most present participle verbs (that is, verbs that end in “ing”; for example, consolidating, getting, and holding) indicate that the occurrence or event is currently underway.
Other present participle verbs may indicate a future event, such as “preparing to crash,” but this is typically captured by comments such as “about to breakout” or “caution: risk of decline.”
If a comment does not seem to relate to a specific time, the event is likely underway; for example, breakout to upside, crash modeA sudden and significant decline in the value of a market., important low, knee‑jerk reaction high, or short covering.
The standalone word “caution” indicates that an unidentified pattern has been found that requires further analysis.
Font
UPPERCASE: Potentially stronger than normal.
Bold: More important than normal.
BOLD UPPERCASE: Possibility of both stronger and more important event than normal.
Time Levels
Each time levelOne of the five key viewpoints of time into which analysis is divided: daily, weekly, monthly, quarterly, and yearly. Also called a time frame. may show different activity for a given market that can reflect counter‑trend or short‑term moves, or possibly indicate the start of a change to a long‑term trend.
Most of the time levels may show a similar pattern or activity, which is a stronger indicator of a trend.
Further research is warranted to help interpret the pattern that the GMW is revealing.