This entry was posted on Monday, October 6th, 2008 at 6:16 pm and is filed under Introduction to Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Site Search:
October 6, 2008
Any stock market produces vast amounts of data on a daily basis, far too much for anyone to cope with in its raw form. You only have to look at the share price pages in the Financial Times to get some idea of the quantities of figures that make up just one day’s trading. To make any sense of this deluge, we must apply various statistical measures that turn the raw data into meaningful information. There are several measures in common use, and different technical analysts tend to prefer different measures. These measures all have one thing in common – they reduce the amount of noise present on the data and help to reveal any underlying pattern.
read comments (0)
Leave a Reply
You must be logged in to post a comment.