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
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Momentum
Momentum in markets is similar to momentum in physics. Markets in motion tend to stay in motion and markets at rest tend to stay at rest unless acted upon by an outside force. Price momentum indicators measure the speed and force of the trend.
For a quick explanation, consider a rubber ball tossed in the air. Its rate of ascent decreases even as it continues to rise. Market momentum readings can also fall as prices continue higher but sooner or later, the market, like the rubber ball, runs out of power and starts to come back down.
Indicators deserve their own chapters, but it is really not critical to learn detail at this point in your career. You will see charts of the relative strength index (RSI) or Stochastics later in this book, ...
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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.Addison B.
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.Amir M.
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.