I'm a believer in efficient markets (that no predictable formulas can outperform the index over time) - with one compelling exception. That is, new formulas can make money in the short-term. As a formula is digested by the market however, holes in the formula are discovered and investors move on. But, I do believe technical analysis can give you a short-term advantage.
I was unpacking some boxes from when we moved almost a year ago and found a book I had received as a gift last Christmas. It was a book I had already read, so I have no use for it. So I figured I might as well give it away.
The book is: Elliott Wave Principle: Key to Market Behavior. It is an interesting book that takes a look at how the market behaves based on mathematics. It is certainly a technical analysis book and doesn’t have anything to do with company fundamentals, but it is an interesting read nonetheless. The book is paperback and brand new, never been opened. It could be yours, and here’s how:
1. Leave a comment on how you view technical analysis when making investment decisions, or
2. Link to this site and let me know and I’ll provide a link to your site in this post.
Contest will end at 5pm on Friday, November 17th. A winner will be picked at random from the combined comments and people who provided links. Good luck everyone!
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.
Technical analysis based solely on algorithms and computer programs in a bunch of junk. Although I'm sure some real people, especially those with a lot of experience in the market, can use that data to make some great predictions.
I follow some sort of algorith on when I should buy stock. I am not much of a seller. Other than looking at the P/E ratio vs the other stocks in their sector. I look at the past 12 months of closing history. When it comes around 20% of the lowest it has been I consider buying.
I'm not sure if there's really an algorithm to find if something is a buy or a sell. There are definitely indicators but that might get you only a slight edge.