Thursday, March 03, 2005

 

Technical Analysis 101

Although both Citigroup and SmithBarney decided to let go their technical trading department, I'm sure there are some individuals out there that still subscribe to this school of thought that historical performance of stocks and markets are indicators of future performance, which is the basis behind technical analysis. Quite the opposite when you think about investing in lets say, mutual funds where it is a common cliche, that past performance is no guarantee of future results when you're investing in these financial instruments. Although, past performance is an indication of future performance, by no means should you invest in something based on past performance.

Here are a couple of links to get you started in learning technical analysis if you're interested.

Chart School
Candlestick Indicators

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Disclamier:
The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. Past performance is no guarantee of future results.