Technical Analysis that Works
“You see I can predict this stock went down!” I’ve read a great deal on technical analysis and spent a great deal more time testing various indicators, programs, backtesting, and attending seminars on the subject. At first I thought I would write a piece with a top down view and summarize the major indicators in use today. I’ve hesitated and even anguished over doing that for a couple of reasons: But first let’s set the discussion by quoting Wikipedia’s succinct definition: “Technical analysis is a financial term used to denote a security analysis discipline for forecasting the direction … Read more