The Farthest Wave: Technical Analysis Of Stocks

Technical Analysis of Stocks

An introduction to technical analysis of securities.

The Efficient Market Theory proposes that all that is known about a stock is immediately reflected in the price. The implication is that no amount of fundamental analysis, which is largely based on public financial information, can give you a material advantage over others doing the same type of analysis.

While fundamental analysis attempts to determine what the stock price should be, technical analysis attempts to determine what the stock price will be.

Random walk theory

References: Technical Analysis from A to Z by Achelis
Technical Analysis of Futures by Jack Schwager
Candlestick Charting by Steve Nison
Point and Figure Charting by Tom Dorsey

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PuddleMarket Theory, Table of Contents

Background:

In these writings about the stock market and various forms of investing I make no recommendations for any readers to take or not take any particular course of action regarding their financial assets. I am not offering tips of any sort. You have paid nothing to me for any information that you have obtained from this website or anything referenced by this website, therefore you should have no expectations of profit or absence of loss as a result of reading anything here. Your money is your responsibility and yours alone.
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