by Steven B. Achelis
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Technical Analysis
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Trader's Gifts |
| Technical Analysis is the study of stock performance based on any number of technical theories. These theories have been developed by many stock market analyst over the years. One of the most noted theories is Bollinger Bands. Simply put, Bollinger Bands are average price levels above and below the current price. If the stock price crosses these levels then the analyst's interpretation suggest that you should either buy or sell the stock in question. There is no one theory that is always correct. As a trader, you should learn to judge when a theory works for you. Some people pick one theory and use it exclusively. Others use a combination of theories. As always, we must caution you to do your research carefully. We have often found that when the market is very volatile, technical analysis doesn't work for us while other traders believe that technical analysis is the only way to judge a stock. Be careful, buyer beware. |
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Technical
Analysis from A to Z by Steven B. Achelis Click here for more information |