Chapter 3. History of Technical Analysis
Chapter Objectives
By the end of this chapter, you should be familiar with
• The history of financial markets and exchanges
• The creation of market indices by Charles Dow
• The development of technical analysis in the United States over the past century
• The impact that academic theory and fundamental stock market analysis have had on the development and use of technical analysis
• The impact that data availability and computer power have had on the development of technical analysis
Chapter Summary
Early Financial Markets and Exchanges
Markets have existed for thousands of years, and exchanges have existed since at least the fourteenth century. Technical analysis has probably been used, in some form, ...
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