buy commerzbank on the next pullback.
Tuesday, July 28, 2009
Four dimensions of technical analysis.
Source: The Three Skills of top trading, p.59
A technical analyst can groups his analysis in four dimensions as
- price studies
- volume studies(on balance volume)
- time studies (cycles etc.. )
- sentiment/breadth studies (52 weeks nhnl index, upside volume downside volume, advances declines etc..).
those four groups will add different dimensions to your analysis. Do not only simply select a dozen of indicators in one group. Simple is better select one indicator in each group. so that you can track different dimensions of the market.
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