Technical Analysis Defined
August 10, 2012 at 1:41 AM Technical Analysis Of Emini Futures
Technical analysis is perhaps the oldest device designed to beat the market. It has a secular history whose origins can be traced to the seminal articles published by Charles H. Dow in the Wall Street Journal between 1900 and 1902.
The principles of technical analysis are derived from hundreds of years of financial markets data. Some aspects of technical analysis began to appear in Joseph de la Vega's accounts of the Dutch markets in the 17th century. In Asia, technical analysis is said to be a method developed by Homma Munehisa during the early 18th century which evolved into the use of candlestick techniques which have only recently made their way into the western world and Wall Street.
There are those who dispute Technical Analysis. One such highly respected individual is Burt Malkiel, noted author and professor at Princeton who believes the behavior of financial markets are more akin to a drunken sailor's stumble back to the ship. His work is highlighted in a very popular book now in its 11th printing -
