The Spirit of Technical Analysis Quick Takes Pro技术分析的精神快速采取.pptVIP

* Did not follow through * * * Junk/quality ratio * Printed election day * Sometimes the best trade is the one you do not make. * Off exchange trading, new vehicles * What do you see? * What do you see? * 2009 – big picture bottoms * If you have a stock with a story, stick with it until the right setup appears * Summary 1 * Summary 2 * Especially true now * Especially true now * Ratios Ratios Ratios Leadership Stuff that doesn’t work Stuff that doesn’t work Moving average crossovers Stuff that doesn’t work Stuff that doesn’t work  Volume Stuff that doesn’t work  Volume Well, it works in some applications Stuff that doesn’t work  Volume Well, it works in some applications Stuff that doesn’t work  Well, it works in some applications Stuff that doesn’t work  Stuff that doesn’t work  Bonds Stuff that doesn’t work  Bonds VIX Case Study Case Study Now you are messing with me!  Opportunities are not cut and dry If you don’t see anything, it’s not there. Keeping it useful The focus is on action, not prediction. I’d rather be right than President. - Sen. Barry Goldwater Summary New normal (groan) Sentiment plays a bigger role Bernanke Put (trend is up)… …or is it? Summary Diminishing returns from QE We will emerge from this market-meddling but with slightly different tools of the trade. Human behavior will not change The real reason we do this:To make the buy, sell or hold decision.Not to predict the future Don’t - Analysis Paralysis (groan) - Get hung up on precisionDo – K.I.S.S. – Spirit of the analysis,  not the letter of the law (sorry again, quants) Technical analysis is a windsock, not a crystal ball.  - Carl Swenlin Quick Takes Pro www.QuickTakesP Getting Technical www.B Trading Strategies www.MarketW Books (www.QuickTakesP/education.html) Beginner’s Guide to Charting Financial Markets Technical Analysis: Plain and Simple – 3nd edition Rea