I often take some heat and gentle jabs from folks when I say I rely on technical analysis as much as I do on fundamental analysis to make my investing decisions, but I think that’s probably because TA is a concept that hasn’t trickled down to the masses yet and it’s definitely not something you can learn overnight.
But, just in case you’re curious at what a real technical analysis chart looks like or you’ve heard about it in passing and wondered what a technical analyst is thinking when he pulls a stock chart, this annotated chart of the S&P 500 index from Singer’s Market blog might interest you.
Enjoy!
[click to enlarge image]