Technical Analysis in Practice: Key Essentials

Author: Wen Ming
Publisher:
Publish Date: 2007-01-01
Features: Index futures reflect the trend of the stock market; it is like a large stock. Its trend can be "wait and see." But at the same time, it is a futures contract, and the margin of more than ten times makes its short-term trend very crucial, sometimes even decisive. Moreover, its short-term fluctuations can turn a correct trend judgment into investment losses, and during this period, price-volume analysis can become a kind of crutch. Technical analysis is advancing and evolving, including in this book, which is also an attempt in this regard. It is undeniable that technical analysis has been declining in popularity in recent years, like a hula hoop that was once popular but then faded away. Most fund and institutional investors are focusing on fundamentals, while there are still many dedicated ones among brokers. Index futures point to future macroeconomic changes, and these changes cannot be fundamental changes measured in minutes; they are more about changes in investor psychology. So, how can one capture these rapid changes? Many people might turn back to technical analysis as a crutch.