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Technical Analysis Tips
The professional investor looks
at the same stocks and only buys when there is a SALE going on. He doesn't
care about analysts or market hype. So when everyone has given up and sold,
he is buying. After a month or two the stock rebounds and Wall Street loves
the stock again. Analysts hop on board and upgrade the stock to a strong buy,
raising estimates and new fools come in and buy the stock at the all time
high. The professional investor then dumps his stock and looks to find the
next stock that is at a bargain price.
- Technical Stock Analysis
doesn't look at income statements, balance sheets, company
policies, or anything fundamental about the company. Instead it looks at
the actual history of trading and price in a security or index.
- Every technical analyst knows the importance of
charts and indicators. But if these were all it took to make profitable
trading decisions, everyone would be a winner.
- volume-based
technical analysis is very effective
for analysis of future prices of
QQQQ
(NASDAQ: QQQQ), S&P 500
(AMEX: SPY),
Dow Jones Industrials
(AMEX: DIA).
- With most indicators it is possible to detect buy and
sell levels. The sport is to detect them before everybody else.
- Analyze market data in real time. Plan your own
Market Timing strategy to make money, regardless of upward or downward trending
markets.
- Every technical analyst knows the importance of charts
and indicators.
- Study charts often (daily if possible).
- Minute-by-minute trading volume shows the reversal
points of the market, and therefore when to buy and sell!
- "The trend is your friend" is the motto of technical
analysis
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