| Warehouse
Receipt: |
A
document guaranteeing the existence and availability of a given quantity
and quality of a commodity in storage; commonly used as the instrument
of transfer of ownership in both cash and futures transactions. |
| Weighted
Moving Average: |
See Moving Average. |
| Whipsaw: |
When
price repeatedly thrashes above and below a moving average (or support
or resistance level) triggering multiple false trading signals. The
same term applies to indicators that behave similarly, e.g., when an
oscillator like the relative strength index (RSI) repeatedly moves above
and below its overbought or oversold level. |
| Wide-range
Day Bar: |
A
high-volatility price bar, i.e., one whose range is much greater than
the preceding price bars (or alternately, one with a range much greater
than the average range over an N-day
period). |
| Wire
House: |
See
Futures Commission Merchant. |
| Write: |
An
investor who sells an option contract not currently held (selling the
option short) is said to have written the option.
|
| Writer: |
See
Grantor. |