Technical analysis is the pseudo-art that has all us alchemists staring at our experiments in the hope of finding gold.
Importantly, while some near-term technical damage has occurred on the daily chart for gold (see technical analysis paragraph on gold below), the longer-term technical posture for gold remains bullish, as the longer-term price uptrend on the monthly gold chart remains firmly in place.
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Based on technical analysis, on August 20-21 we finally saw metals ignite their pattern.
Professional traders at leading hedge funds use technical analysis to identify such low-risk levels before the move happens.
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In traditional technical analysis this is a well-known reversal pattern.
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Terry Bedford, a principal with Hamilton, Canada-based technical analysis firm Bedford Associates, is of the opinion that if the small investors who have propped up Internet stocks get spooked when they see insiders bail out of these stocks, they will follow suit, leading to sharp declines.
McAvity has published his newsletter since 1972 and uses fundamental and technical chart analysis and also looks at inter-market relationships.
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Based on Charles Dow 's century-old method of using technical analysis of the Dow Jones Industrial Average and the Dow Transports to confirm bull or bear markets, Moroney has been a bull since early March.
Another thing you have to understand about technical analysis too is that it is largely a self-fulfilling prophecy.
Last week, US intelligence experts said technical analysis of another audio tape aired on the al-Jazeera satellite TV network showed "almost certainly" that it came from Bin Laden.
While he deals primarily in technical analysis, Ross thinks there are fundamental reasons why the long-overdue test of the 200-day moving average may be ahead.
Baltimore-based Parnes, who uses technical and fundamental analysis to take both long and short positions in stocks, believes buying Myriad at current prices will produce a gain of 50% in the next 12 to 24 months.
Harry Boxer is author of TheTechTrader.com, a real-time diary of day and swing trades and technical market analysis.
Vimeo also says the novel feature will be able to make recommendations based on "technical analysis of the user's video and social data, " -- in other words, the more you use it, the more likely it is to learn your very own visual preferences.
The technical analysts' reaction was harsh, to say the least--ranging from quibbling about my grammar to arguing that because technical analysis has attracted a large following, it must have merit.
Based on technical analysis and charting, the major market indexes like the Dow and Nasdaq are short-term oversold beneath their 50-day moving averages to a degree that almost always brings a rally back up to the moving average.
Los Angeles-based Candelaria is contrarian in his approach and has little patience for technical analysis.
In the second phase, on-balance-volume and relative performance analysis play a primary role, though other technical tools are often also used.
Often times, weekly RSI divergences will confirm signals from other technical tools like the on-balance volume (OBV), which gives even greater validation to the analysis.
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