John Murphy in his book “Technical Analysis of the Financial Markets”, says that the principal sources of information available to technicians are price, volume and open interest. Other data, such as indicators and sentiment analysis are considered secondary.
However, many technical analysts reach outside pure technical analysis, combining other market forecast methods with their technical work. One such approach, known as Fusion Analysis overlays fundamental with technical analysis, in an attempt to improve portfolio manager performance. Another advocate for this approach is John Bollinger, who coined the term Rational Analysis as the intersection of technical analysis and fundamental analysis.
Technical analysis is also often combined with quantitative analysis and economics.For example, neural networks may be used to help identify intermarket relationships . A few market forecasters combine financial astrology with technical analysis. Chris Carolan’s article “Autumn Panics and Calendar Phenomenon,” which won the Market Technicians Association Dow Award for best technical analysis paper in 1998, demonstrates how technical analysis and lunar cycles can be combined .
Investor and newsletter polls, and magazine cover sentiment indicators, are also used by technical and market analysts. See:(http://www.leapleaf.com/?p=15)
Posts: 40 | From: canada | Registered: Jan 2008
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Very interesting. I have been watching some on Topgun. This is a picture of my technical very brief. BooDog's 10,500 dow. Now what will stop it? We've been watching Tokei with the investor confidence and the bears Vs. the bulls. IMO this is creating big time buy signals IMO--- notice the IMO. The double bottom from March also on the S&P. Certainly looking like bear country. I'll have to check out your article.
quote:Originally posted by Machiavelli: no offense Chehtet.. but did u copy/paste what you posted? Because I would rather hear what you have to say about the topic and not a author... to hear John Murphy i'll buy the book...
Mabey Bob Frey assisgned Chehtet to do a book Report on “Technical Analysis of the Financial Markets”, by John Murphy.....
Posts: 2321 | Registered: Aug 2006
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