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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

Rounded Tops and Bottoms

These are the patterns you see after they are over. Not very helpful, right? Well, you can actually see them before they are over if you know what to watch. They represent a slow, gradual shift in the market, perhaps even a loss of interest.

In a rally, bulls just fade away without bears stepping in to take charge. In a decline, it is just the opposite as bears stop selling aggressively without bulls stepping in to take over. The frustrating part is that trendlines are broken without the euphoria or increased activity associated with a clear reversal of trend. Fan lines appear to fail as well. When analysis becomes unclear, it is always a good idea to fall back on the basic definitions of trend. At bottoms, look for the ...

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Publisher Resources

ISBN: 0131345974Purchase book