Tuesday, 15 November 2016

Combination with other market forecast methods

John Murphy states that the principal sources of information available to technicians are price, volume and open interest.[10] Other data, such as indicators and sentiment analysis, are considered secondary.
However, many technical analysts reach outside pure technical analysis, combining other market forecast methods with their technical work. One advocate for this approach isJohn Bollinger, who coined the term rational analysis in the middle 1980s for the intersection of technical analysis and fundamental analysis.[47] Another such approach, fusion analysis, overlays fundamental analysis with technical, in an attempt to improve portfolio manager performance.
Technical analysis is also often combined with quantitative analysis and economics. For example, neural networks may be used to help identify intermarket relationships.[48]
Investor and newsletter polls, and magazine cover sentiment indicators, are also used by technical analysts.

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