June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 2. What Is Technical Analysis?
What a terrible name has been bestowed upon this method of market analysis—technical. It is about as technical as singing. Designing electronic circuit boards is technical. Developing a new bio-medical implant device is technical. Market analysis? That is not technical.
True, there are technical terms and complicated research. Mathematical modeling can also play a role, but strip away all the advanced-level components, and technical analysis is just a tool investors and traders use when deciding to buy or sell a stock, bond, currency, or commodity.
One analogy that can be used is that of the carpenter. Market technicians carry with them a technical toolbox filled with the studies, patterns, and classifications. ...
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