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The book explains the logic behind technical tools and why they should and do work. For example, what gives rise to support and resistance and why certain chart patterns arise.
Some technical indicators which are absent from the book, and which I have yet to find some reasonable explanations for are fibonacci retracements and the elliot wave theory. I know what they mean, but why the heck should they work? Obviously, I'm biased against them. They're both voodoo to me. |
Recommended 
Not Recommended
