Guidelines For Price Objectives by E.M.S. Flynn and Thom Hartle
ARTICLE SYNOPSIS ...Guidelines For Price Objectives
by F.M.S. Flynn and Thom Hartle
Trends come and trends go. That much, at least, is a given. An important question arises about those
trends, however: How far will a move go, and can we project how far it will? Price moves can be
predicted (more or less accurately) using any of a slew of methods, but accuracy will be likely to increase
when more than one method agree on a given price level. (This is, of course, the ""safety in numbers""
theory and is certainly not unique to technical analysis.) But then, confirmation is important, particularly
for a novice trade...