The History of Technical Analysis
In 1958, the candy company Just Born Candies introduced the marshmallow chicken, reigniting the classic debate over which came first, the marshmallow chicken or the chocolate egg? Which developed first, technical or fundamental analysis?
Most investors assume fundamental analysis preceded technical analysis. That conclusion appears logical. It takes two opposite opinions to come together to produce a price, and a series of prices creates the chart.
The First Recorded Investment—A Fill or Be Killed Order
Thus, one might logically expect fundamental analysis to predate technical analysis. But that logic presupposes that prices used to create ...
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