June 2010
Beginner
7 pages
8m
English
Michael N. Kahn, CMT
Like quality carpentry, quality technical analysis requires the right tool for the right job. While a hand saw can cut wood to build a table, a power saw with built-in guides can do it with a much higher degree of precision. Conversely, the back end of a screwdriver can pound a nail, but choosing the right tool, a hammer, protects both the carpenter and the tool. This chapter outlines what tools should be in a good technical toolbox.
Technical tasks are simply the analyses in the four main areas that technicians consider: price, volume, time, and sentiment. Many of today’s widely used indicators focus on only one of these areas. Further, many of today’s technicians ...
Read now
Unlock full access