Market Analysis Isn't Brain Surgery

Michael N. Kahn CMT

Jul 2010 · Pearson Education

Ebook

Pages

Eligible

About this ebook

This is the eBook version of the printed book.

This Element is an excerpt from Technical Analysis Plain and Simple: Charting the Markets in Your Language (9780137042012), by Michael N. Kahn, CMT. Available in print and digital formats.

How to “let the market talk” and bring flexibility to technical analysis, instead of squeezing complex, organic markets into artificial textbook definitions.

Market analysis is just not a precise endeavor. The market is a living being: It does not react to the world exactly the same way twice. Flexibility is key: If you stick too closely to textbook definitions, you may be right, but you’ll have a lot of losing trades.

About the author

Michael N. Kahn, CMT, is editor of the daily Quick Takes Pro technical newsletter and writes the "Getting Technical" column for Barron’s Online. He is author of two books on technical analysis, a frequent contributor to industry magazines, and former chief technical analyst for BridgeNews.

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