...
For the longest time, I have been fascinated with technical analysis of
stocks. In the early years, I considered the little squiggles to be nothing short
of voodoo. Still, I was curious as to why the major brokerage houses were hiring
technical analysts in droves. But I did not dare take my eye off the fundamentals
simply because I did not know anything about the technicals. Then I
discovered Technical Analysis of Stocks and Commodities magazine. During my
lunch hour, I would take the elevator down to the library and read back issues.
Although I had seen chart patterns in the stocks I bought, I never really
attached much significance to them. As some of my selections went sour, I
began to view chart patterns with more respect. The fundamentals always
looked good, but the technicals were signaling a trend change just as I was
about to pull the trigger. The stocks I bought either lost money outright or I
sold them too soon and cut my profits short.
Perhaps this has happened to you. You do your fundamental research on
a stock, then buy it only to watch it go nowhere for a year or more. Even worse,
once you get in, the stock tumbles. Had you looked at the chart the answer was
always there. Prices pierced a trendline, a head-and-shoulders top appeared out
of nowhere, the relative strength index signaled an overbought situation. In
short, any number of technical indicators were screaming that a buy now
would cost you your shirt. But you never saw the signs because you had your
eyes closed.
...
Price: 5 USD
All books are in English, presented in format of doc or pdf, printable.
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