029: Brian Shannon – The Science of Technical Analysis, Versus the Art of Trading
Chat With Traders
The Four Stages of Accumulation in the Market
When i first started tradingi wanted to get, got my hands on as much technical analysis information as i could. And stan weinstein's book from 19 86 is secrets for profiting in bullandbar markets. If any of your readers have ve read that, they'll see it's been a huge, huge, huge influence on my career. It goes back to the business cycle. We have these four stages. Accumulation occurs after a decline. The moving averages cross back and forth, representing indecision. A 20 day moving average crossing up and down, up through and then down below a 50 day moving average says there's no real trend revealing itself.
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