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Now's the time to plot winning strategies |
The Australian Financial Review - Thursday 5 March 2009
Wild swings in the bear markets are creating opportunities, but traders need to be able to time entry and exits of their positions skilfully.
This is not a time for fundamental analysis. Instead, good traders are using technical analysis and the best are coming out ahead, as market movements create plenty of action.
These users of technical analysis will be sophisticated but even novices can use this period - which so far has run more than a year and may well last another year or two - to begin an education that really every good trader needs to survive and prosper.
Technical analysis sounds daunting but it needn't be. Powerful insight, as the philosophers and mathematicians point out, often reduces to a simple, elegant theorem.
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