“Legendary technical analyst’s ‘power index’ works for long-term stock investing” By Michael Kahn

By Maya Ganguly

Even today, technical analysis still gets a bad rap as being, at best, a self-fulfilling prophecy and, at worst, financial voodoo.
And while its practitioners are usually not good ambassadors for the discipline, that does not take away from its usefulness.

It is true that technical analysis — the study of data generated from the market through trading activity and sentiment — is most often associated with day traders and, unfortunately, get-rich-quick marketing. However, it is perfectly suited for use by traders who hold positions for a few days to a few weeks. And, more importantly, it is useful for investors interested …read more

Source:: MTA News

      

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