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Market Technician

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Technical Analyst
A person who engages in technical analysis, especially professionally. Technical analysts use statistics to determine trends in security prices, and make or recommend investment decisions based on those trends. They do not attempt to determine the intrinsic value of securities, but instead focus on matters such as trade volume, demand, and volatility. Technical analysts often evaluate short-term trends almost exclusively, which is both a strength and a weakness in their analysis. They are sometimes called chartists because of the importance charts have in technical analysis. See also: Fundamental analysis.

market technician


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One simple tool is called a Fibonacci extension ratio; market technicians long ago observed that many markets will reverse/correct at the 127%, 162%, 200% and 262% extension level of any significant prior A-B swing move.
In the realm of technical indicators, moving averages are extremely popular with market technicians and with good reason.
I will be the first to admit that I have no clue what a market technician does, nor do I have the skill, understanding or even dumb luck in anything to do with markets or investments, but this guy seemed to know his stuff.
 
 
 
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