Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Technical Tasks
Technical tasks are simply the analyses in the four main areas that technicians consider. These are price, volume, time, and sentiment. Many of today’s widely used indicators focus on only one of these areas. Further, many of today’s technicians use only a few indicators, leaving out one or more sectors of analysis completely. This is like building a table with two or three legs. It may stand up for a while, but it will not be solid enough to deal with shifting or heavy loads.
Because the goal of any market analysis is to buy and sell an asset to make money in the differential between price paid and price received, price is necessarily the most important factor. It is not a surprise that most market analysis revolves around this ...
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