The term, "technical analysis," is a general heading for a myriad of trading techniques. Techni-cal analysts attempt to forecast prices by the study of past prices and a few other related summary statistics about security trading. They believe that shifts in supply and demand can be detected in charts of market action. Technical analysis is considered by many to be the original form of investment analysis, dating back to the 1800's. It came into widespread use before the period of extensive and fully disclosed financial information, which in turn enabled the practice of fnnda-mental analysis to develop. In the U.S., the use of trading rules to detect patterns in stock prices is probably as old as the stock market itself. The oldest technique is attributed to Charles Dow and is traced to the late 1800's. Many of the techniques used today have been utilized for over 60 years. These techniques for discovering hidden relations in stock returns can range from extremely simple to quite elaborate
正在翻譯中..
