11 Technical Analysis_Brief

11 Technical Analysis_Brief - Technical Analysis 1 Comm367...

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Comm367 1 Technical Analysis
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Comm367 2 u An attempt to exploit recurring and predictable patterns in stock prices u Technicians’ beliefs: Shifts in market fundamentals can be discerned before their impact is fully reflected in prices Market fundamentals can be perturbed by irrational factors u How does this relate to EMH? Technical Analysis
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Comm367 3 u The Dow theory Primary trend Secondary or intermediate trends Tertiary or minor trends Support and resistance levels u Recent variations The Elliot wave theory The theory of Kondratieff waves Charting
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Comm367 4 u Point and figure charts The figure has no time dimension It traces significant upward or downward moves in stock prices u Candlestick charts Used to summarize price data Aid in identification of trends Other Charting Techniques
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5 u Sentiment indicators Consider market movements in light of trading volume u Flow of funds indicators Short interest and credit balances
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11 Technical Analysis_Brief - Technical Analysis 1 Comm367...

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