{"id":398,"date":"2010-10-19T16:44:36","date_gmt":"2010-10-19T16:44:36","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=398"},"modified":"2011-01-13T08:09:36","modified_gmt":"2011-01-13T08:09:36","slug":"what-is-not-technical-analysis","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2010\/10\/19\/what-is-not-technical-analysis\/","title":{"rendered":"What is not Technical Analysis"},"content":{"rendered":"<p>Many a times I have noted, big names, big firms botch Technical Analysis in their basics. When it happens, I usually mutter a few words to myself and just let them pass. But this time around, I've not been able let it pass.<\/p>\n<p>Here is a chart from the technical analysis desk of a leading firm that has concluded that this is a trendline breakout:<\/p>\n<p><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IBbadtrendline.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-399\" title=\"IBbadtrendline\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/IBbadtrendline-300x198.jpg\" alt=\"\" width=\"400\" height=\"200\" \/><\/a><\/p>\n<p>If you notice the peak of the \"trendline\" starts from a point of comfort not the actual peak. And the middle of trendline is the only point where this \"trendline\" meets a peak of a swing of this \"descending trendline\". And there is no third point at all!!!!! Basic maths tells us that if you connect 2 points you can draw a line. In the past, I've seen many lines being called a trendline but this time around with just one point!!! Now, that is really a first for me!! \ud83d\ude42 \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many a times I have noted, big names, big firms botch Technical Analysis in their basics. When it happens, I usually mutter a few words to myself and just let them pass. But this time around, I&#8217;ve not been able let it pass. Here is a chart from the technical analysis desk of a leading <a href='https:\/\/www.cashthechaos.com\/blog\/2010\/10\/19\/what-is-not-technical-analysis\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[29,30],"class_list":["post-398","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","tag-ta","tag-technical-analysis","category-42-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=398"}],"version-history":[{"count":3,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/398\/revisions"}],"predecessor-version":[{"id":554,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/398\/revisions\/554"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}