Jesse Livermore ....

The first obvious thing about this blog would be for uall that the post would be on some great ways to make money using technical analysis isnt it??

But sorry to say this is not the way u learn technical analysis ..

Coz if u go to any one and tell him to teach you technical analysis .. he will start of blabbering about relative strength index , MACD , EMA , SMA , trendlines ,head n shoulders and what not..

Well and thats it the person hits the bullseye u start feeling he is one knowledgeable dude. and then he will go off saying this is what i recommended and .. u could make this much .. and what not..
But nobody explains u how to learn even i would say i cant ... Depends if u r ready to leanr and put in time..

Neways before i start something on technical analysis on this page ..

Lets all of us start learning and understanding the way the markets run or i would say the unreal way how the operators play ..

And the first Assumption of technical analysis is " History repats itself "

Well so here i start of with an engrossing novel or i would say i guide written by one of the most know punters .. Jesse Livermore.. and mind u this is years back but history repeats itself markets work the same way .. demand n supply watever jargon u use is crap...

Well he was one of the biggest plungers and operators who played it great and started of as a dealer and much more to it .. got broke many a time in his life for his lavish life n also trading..

I would not elaborate more on him coz if somebody is ready to learn would directly hit the link and download...


http://www.savefile.com/files/272131

Read this book an easiest book to start of on... no jargon pure simple story of markets and operators..




To end of this is something called efficient market theory ... explains why technical analysis


Efficient Market theory


The Efficient Market Theory says that security prices correctly and almost immediately reflect all information and expectations. It says that you cannot consistently outperform the stock market due to the random nature in which information arrives and the fact that prices react and adjust almost immediately to reflect the latest information. Therefore, it assumes that at any given time, the market correctly prices all securities. The result, or so the Theory advocates, is that securities cannot be overpriced or underpriced for a long enough period of time to profit therefrom.
The Theory holds that since prices reflect all available information, and since information arrives in a random fashion, there is little to be gained by any type of analysis, whether fundamental or technical. It assumes that every piece of information has been collected and processed by thousands of investors and this information (both old and new) is correctly reflected in the price. Returns cannot be increased by studying historical data, either fundamental or technical, since past data will have no effect on future prices.
The problem with both of these theories is that many investors base their expectations on past prices (whether using technical indicators, a strong track record, an oversold condition, industry trends, etc). And since investors expectations control prices, it seems obvious that past prices do have a significant influence on future prices.

Learn Technical Analysis ...

Wait for a few days ..

till then look out for something to learn in the ads..


www.icharts.in

good for intra charts

www.chartpatterns.com

for basics..

lot to come...