O'Reilly logo

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

 The History of Technical Analysis

Book Description

This Element is an excerpt from Investing with Volume Analysis: Identify, Follow, and Profit from Trends (9780137085507) by Buff Dormeier. Available in print and digital formats.

The deep historical roots of technical analysis: how investors discovered the indispensable profit opportunities hidden in charts

Most investors assume fundamental analysis preceded technical analysis. That appears logical: It takes two opposite opinions to produce a price, and a series of prices creates the chart. But this logic presupposes that prices were exchanged based upon the item’s fundamental value alone. However, behavior may be as much a part of the price equation as value.