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R: Data Analysis and Visualization by Ágnes Vidovics-Dancs, Kata Váradi, Tamás Vadász, Ágnes Tuza, Balázs Árpád Szucs, Julia Molnár, Péter Medvegyev, Balázs Márkus, István Margitai, Péter Juhász, Dániel Havran, Gergely Gabler, Barbara Dömötör, Gergely Daróczi, Ádám Banai, Milán Badics, Ferenc Illés, Edina Berlinger, Bater Makhabel, Hrishi V. Mittal, Jaynal Abedin, Brett Lantz, Tony Fischetti

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Technical analysis

Technical analysis (TA) can help you achieve better results if you do not overestimate its predictive power. Technical analysis is especially good at predicting short-term trends and at indicating market sentiment. Fundamental investors (and one of the writers of this chapter) use them to choose their buy-in and sell-out point: given their fundamentally backed view on the direction of the market technical analysis is a valuable help in choosing the short-term optimum. It can also eliminate such common trading flaws as badly chosen position size (indication on the strength of the trend), shaky hands (only sell when there is a sign) and inability to press the button (but when there is a sign, do sell).

Three golden rules to remember ...

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