Technical Analysis reading reading, better

sabina

Technical Analysis is probably a better trading indicator than Quantitative Valuations. I don’t think it hurts to have a basic understanding of it…

kd26gioi

Just learn about it…It could be a couple of easy points there

pawn

I actually enjoyed the technical analysis reading. But that’s probably because I have a first hand experience in trading and have used all those indicators

nitoha

^ 180 degress opposite.
I crammed all the knowledge while saying to myself “this is just BS you have to learn for the exam.” No other way.
At a basic level, I accept that trends continue more often than they break. But the TA portion of the Level I curriculum went far, far beyond that, to actually calculate future price based on the chart patterns.
Hogwash.

tikfed

I think too many people don’t think about the fundamentals that drive charts. You’re reading patterns that are often largely based on quantitative indciators. It’s a mix of market psychology and valuations that help patterns form. Support and Resistance levels reflect where traders feel a stock is overbought or oversold, which I’m sure is commonly based on valuation models.
There are some indicators that are a bit ‘far out’ but I’ve traded very successfully on technicals and I don’t understand why some people are so against them. They other thing with technicals is that the patterns can be self-fulfilling, so if you’re one of the few who decide to ignore technicals, you’ll be the one losing your shirt.

morebeans

iteracom wrote:
I never understood why people whine about topics they feel are dumb.  If you want the CFA charter,  you need to pass the exam,  if you want to pass the exam, you have to study what is on it.
Technical analysis could be on it.  Just study it.
You can choose to not accept it when you got the CFA charter
Alas,he speaketh the truth

RepoToronto

Like it or not, you gotta do it. I wasn’t too big a fan of this reading (or taxes)

ramdabom

Man, if you’re worried about learning from charts wait till you get to economics…

Spongebob

When i cleared level I, it was the smallest and easiest reading of all. There were no charts, figures and dry stuff.

sabaruch

chibwack wrote:
Man, if you’re worried about learning from charts wait till you get to economics…
haha, that’s what I was going to say.
and fyi Schweser, if you’re reading this, pg.271 in Book 1, #11 is not a very nice problem to give anxiety ridden candidates!