Free Online Technical Analysis Lessons
If
imitation is the sincerest form of flattery, then market
technicians should feel very flattered. Technical
analysis is practiced under many different names, and
often by those who may not realize they're using it. But
it is being practiced. Technical analysis has also
evolved. The introduction of inter-market analysis, for
example, has changed the focus away from" single market"
analysis to a more interdependent view of the financial
markets. The idea that all global markets are linked
isn't questioned much anymore either.
That's
why the universal language of technical analysis makes
it especially useful in a world where the financial
markets, here and abroad, have become so intertwined. In
a world where computer technology and lightning-fast
communications require quick responses, the ability to
read the market's signals is more crucial than ever. And
reading market signals is what technical analysis is all
about. Charles Dow introduced technical analysis at the
start of the twentieth century. As the twentieth century
draws to a close, Mr. Dow would be proud of what he
started.