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Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

by Michael N. Kahn
June 2006
Beginner
352 pages
7h 6m
English
Pearson
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

Technical Market Theory

Most people want to know a little about how the car works so they know how to drive it and when to take it in for service. Technical market theory encompasses a large body of work, rigorous testing, and decades of experience. At this stage, it is similar to the car in that the basics need an explanation. Becoming expert takes rather longer.

As technical investors, we are chart readers. The key is to think of a chart in psychological, not graphic, terms. In other words, support is the level at which the aggressive selling of the bears has waned sufficiently to be offset by the rising aggressiveness of buying by the bulls. Resistance is the level at which the aggressive buying of the bulls has waned sufficiently to be offset ...

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Publisher Resources

ISBN: 0131345974Purchase book