Quote from Seong Family on June 21, 2006, 1:18 am

 

Technical Analysis is the forecasting of future financial price movements based on an examination of past price and volume movements. Technical analysis does not try to analyze the financial data of a company such as cashflow, dividends and projection of future dividends. One of the practical tools used is the analysis of charts of prices and volume. Primarily, but not exclusively, technical analysis is conducted by studying charts of past price movement. Many different methods and tools are used in technical analysis, but they all rely on the assumption that price patterns and trends exist in markets, and that they can be identified and exploited.