Is Technical Analysis for Investors Really All Technical?

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

Why technical analysis isn’t nearly as “technical” as you think--and why any investor can successfully use it to profit!

What a terrible name has been bestowed upon this method of market analysis--“technical.” Developing a new bio-medical implant device is technical. Market analysis? That is not technical. True, there are technical terms and research. Mathematical modeling can play a role. But strip away the advanced-level components, and technical analysis is just a tool for deciding to buy or sell....