股票外汇的技术剖析英文版（24).pptVIP

;Technical Analysis discounts fundamental factors and these fundamentals are reflected in the price and volume. Price is determined by supply and demand, while volume is determined by commitment to supply and demand. Price and volume form trends and these trends form patterns. The analysts job is to identify these patterns for future buying and selling opportunities. The key assumption upon which technical analysis is based is that the sum of everything that everyone knows or feels about a share, sector or market is reflected in the price and volume. Prices move when there is a change in the feeling or when new knowledge becomes available. Technical analysis is the study of the shares price and volume chart to search for historical patterns which may help to predict the future price patterns. ;An up-trend - there are more buyers than sellers (i.e. demand exceeds supply); A down-trend - there are more sellers than buyers (i.e. supply exceeds demand); A sideways trend - there is a battle for supremacy between the buyers and sellers (i.e. supply and demand are equal).;Over the years, technicians have devised a number of different ways of physically representing market data on charts. The most popular charts are the closing line chart an the bar chart.? ;Low ;;The OB/OS indicator - The OB/OS indicator is an oscillator (i.e. it moves above and below a zero line) has been developed to calculate the percentage change between the moving average and the price. Early watch signals occur when the OB/OS indicator crosses above or below its 10-day moving average. Buy signals occur when the OB/OS indicator crosses above zero line into overbought territory. Sell signals occur when the OB/OS indicator crosses below zero line into oversold territory. ;;;;;Volume Indicators - The volume is the number of shares traded within a particular period. This is recorded using a straightforward histogram (vertical bar graph) at the base of the price chart. Interpretation of the bar