Special Offer: Get Your Free 50-Page Download “The Ultimate Technical Analysis Handbook”
Posted on Wednesday, September 23rd, 2009 | In Special OffersToday more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed.
Who can blame them? After all, fundamental analysis — based on past company earnings, rating agency projections and the like — proved to be of little value during the bust.
There is a better way.
Many investors who monitor investor sentiment readings, study Elliott wave patterns and employ other powerful technical indicators were — at very least — able to position themselves to survive the recent decline. Still others were able to turn crisis into opportunity and profit from the volatility.
How’d they do it?
Technical analysis.
You see, technical indicators remove the cloudy, bias-driven assumptions from your analysis and focus on the one thing that moves markets: investor psychology.
Past performance is not indicative of future results — and that’s where fundamental analysis goes wrong. It fails to factor in the psychology that not only moves markets up and down but also leads analysts to extrapolate the current or past trend into the future. That’s why fundamental analysts almost always miss major tops and bottoms.
Our friends over at Elliott Wave International employ the largest team of technical analysts in the world. They recognize that optimism peaks before market tops and pessimism troughs before market bottoms. They use powerful and sometimes unconventional tools to help identify psychological extremes that signal high-probability turning points.
EWI’s brand-new 50-page eBook, The Ultimate Technical Analysis Handbook, will show you the various methods of technical analysis they use every day and teach you how to use these powerful tools for yourself.
If you’re a technician, this eBook is perfect for you. If you’re a fundamentals follower, it’s more important than ever that you give technical analysis a closer look. Even if you never completely abandoned your fundamental indicators, you WILL benefit from drawing on these valuable technical tools.
Learn more about this free eBook, and download your copy here.
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.
Last 5 posts by Jim Musselwhite
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Jim Musselwhite is the Publisher and Editor-in-Chief of StraightStocks.com
A long time investor himself, Jim set out to build a truly global resource for investors. His philosophy reflects the belief that, to be a successful investor, one must start by recognizing that Wall Street no longer represents the typical investor's interests. Successful investors must identify hidden investment opportunities in foreign stock markets. That means going beyond traditional tools like ADR's and emerging market funds to find truly spectacular investing opportunities for the long run.
StraightStocks.com makes it a point to locate content contributors who are experts at identifying and analyzing hidden foreign markets and investment sectors.
Jim has served in a variety of sales and marketing management positions over the last 25+ years with such Fortune 500 firms as Texas Instruments, NCR, AT&T, and more recently as Marketing/Alliance manager with a financial services firm specializing in tax compliance.
Jim is currently an independent online publisher. In addition to StraightStocks.com, he owns a number of authoritative website properties.
Educated at the University of Virginia (BA) and the University of Tennessee (MBA), Jim and his family now reside in Atlanta, Georgia.
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