Defining Technical Analysis
In this part . . .
Get ready to set aside everything you think you know about trading and investing. In technical analysis, you look only at what prices are doing, not at fundamentals or what some theory says they “should” do. In this part, I explain how the price behavior of securities is the outcome of crowd psychology. Technical analysis is all about observing how prices actually move and trying to use past regularities in price movements to predict future regularities.