Essentials Of Technical Analysis by Larry Swing
ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:13 (62-64): Essentials Of Technical Analysis by Larry Swing
Technical analysis doesn't have to be complex. Here's a reminder to keep it simple.
We have a hard time making fast decisions with complicated information. That is why we try to simplify trading as much as possible, in order to scan fast and accurate trading opportunities in a few seconds. As Albert Einstein used to say, "Keep things as simple as possible but not any simpler."
A stock price is determined by an exchange between buyers and sellers. If there happens to be more buyers than sellers...