Deemer on Technical Analysis: Expert Insights on Timing the Market and Profiting in the Long Run

CHAPTER 7SOME IMPORTANTLONG-TERM CHARTS

Long-Term Charts

You Claim That Technical Analysts Can Never Have Too Much Data. How Far Back Does Your Earliest Data Go?

My long-term charts go back as far as I can take them—sometimes as far back as 1870. I’m fascinated by the messages these long-term charts can give me. But there are charts in Fidelity’s legendary chart room that go back even further than that. Fidelity has a chart of the stock market that goes all the way back to 1789. And, of course, there are data sets in Europe that go back into the 1500s that show long-term interest rates and so on.

But How Do You Keep the Data Constant? Don’t Things Change Drastically from Decade to Decade?

I think that the fear of this is what keeps many investors ...