Technical Analysis by Michel Carignan
Do what we say but not what we do
Even today, full service brokers and money managers criticize technical
analysis, stating that it is merely a hoax. They prefer to make investors believe that the stock market is a serious matter,
that it is for the long term and that they must be able to analyze the balance sheets of companies and be aware of all their
projects, the inner-working of all their competitors and all the risks involved. Often, technical analysis is seen as the reason
stock market investors can manage without broker advice.
Scientific not esoteric
One should approach technical analysis like learning a foreign language.
At first, everything seems to mean nothing, but the more time we spend practicing, the more we realize that it is neither magic
A reunion of factors
There are several factors that must be taken into consideration. Firstly, there is of course, the price variation. Not to forget that charts start from a later date that leads inevitably to the present moment and moves towards the future. So there is a direction that can be projected and not just a phenomenon of repetition. Then, there is the volume of the transaction that confirms the validity of technical movements.
April 26, 2015 00:47
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