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Full View Integrated Technical Analysis A Systematic Approach to Active Stock Market Investing

9780470825792

Full View Integrated Technical Analysis A Systematic Approach to Active Stock Market Investing

  • ISBN 13:

    9780470825792

  • ISBN 10:

    0470825790

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 01/04/2011
  • Publisher: Wiley
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Summary

Has the bear market ended? Is the rebound lasting? Everybody wants an answer but nobody can provide one with a good degree of confidence. While fundamental analysis is notoriously weak when it comes to market timing decisions and providing good forecasts with any degree of accuracy except for the very long run, technical analysis is equally timid in providing any concrete answers to the above fundamentally important questions to market participants. Nobody, no existing system can give you a firm answer with a respectable degree of conviction. This book will provide you with a system to answer those questions with high degree of confidence. If someone says 200 day moving average can be used to answer the above questions, what is the reason for not using 150 day moving average? Should the same 200 day moving average be used to judge whether the market has bottomed out after a 70 day decline as well as after a 400 day decline? The answer is obviously "no". While there could be other candidates, the logic remains the same, that the parameters of the indicators must be adjusted, one way or the other, to reflect the specific situation of each market decline. This book will provide you with a systematic, objective and consistent adjustment mechanism so that judgment can be made in the most efficient way the shortest possible time with which we can reach a reliable decision. The book will also provide a full description of major pausing points, including the ones that are not visible to the naked eye in the form of traditional chart patterns. More specifically, the book achieves these breakthroughs by radically departing from the existing technical analysis in three significant ways. First, it rejects the erroneous use of fixed parameters in the existing technical analysis when employing the indicators, but doing so indirectly through the introduction of appropriate data series with the right time frames while maintaining the parameter themselves constant, as compared with the existing approach of using the same time interval chart and the same fixed parameter for analyzing all situations. The idea of looking at different time interval is sometimes mentioned in the literature, but most times, only as a

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