Page 192 - DCOM507_STOCK_MARKET_OPERATIONS

Mahesh Kumar Sarva, Lovely Professional University
Unit 10: Technical Analysis

Unit 10: Technical Analysis Notes

CONTENTS
Objectives

Introduction
10.1 Concept of Technical Analysis
10.1.1 Basic Technical Assumptions
10.2 Technical vs Fundamental Analysis
10.2.1 The Critics

10.2.2 Superiority of Technical Analysis
10.3 Old Puzzles and New Developments
10.3.1 Elliott Wave Principle

10.3.2 Kondratev Wave Theory
10.3.3 Chaos Theory
10.4 Neutral Networks
10.5 Tools of Technical Analysis
10.6 Dow Theory

10.6.1 Criticism of Dow Theory
10.6.2 Price Indicators of Market
10.6.3 Types of Trend

10.6.4 Trend Lengths
10.6.5 Trendlines
10.6.6 Volume and Chart Patterns
10.6.7 Volume Precedes Price
10.6.8 Technical Analysis: Chart Types

10.7 Criticisms of Technical Analysis
10.7.1 The Future of Technical Analysis
10.8 Summary

10.9 Keywords
10.10 Review Questions
10.11 Further Readings

Objectives

After studying this unit, you will be able to:
 Explain the concept of technical analysis
 Discuss the difference between technical and fundamental analysis

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