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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What Happens in a Bear Market?
Of course, bear markets mean prices go down. Market trendlines are drawn from high to low and act to resist price advances rather than support price declines. Momentum is negative for extended periods of time. That’s the easy classification using price and its structure and momentum.
But remember that technical analysis also covers such areas as time, volume, and sentiment. Time will always march on and cycles will continue to play out. The difference is that the overall direction of prices is still down.
Volume is the tricky component because markets do not need much volume to keep a declining trend going, at least not in the stock market. There are always reasons for people to sell stocks, from raising cash for ...
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