January 2010
Beginner
352 pages
6h 43m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Third Edition
by Michael N. Kahn - CMT
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Third Edition
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12. Corrections in Perspective
Most practitioners of technical analysis will agree that no market moves in one direction forever. After a rally or decline, the market will pause as winners take profits, losers cut their losses, and the second round of positioning takes place. Terms like correction, consolidation, and retracement are fairly interchangeable, although some would argue that the shape of the pattern created distinguishes them. In most applications, a correction takes place after a significant change in accepted market value. The correction shape and size are intimately related to the move being corrected.
The good technical analyst will look at different indicators in different time periods. However, we all become comfortable ...
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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.Julian F.
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.