John Murphy's Ten Laws of Technical Trading
StockCharts.com's Chief Technical Analyst, John Murphy, is a very popular author, columnist, and speaker on the subject of Technical Analysis. John's essay - “Ten Laws of Technical Trading” - is a collection of recommendations that John frequently offers to people that are new to Technical Analysis. They are based on questions and comments that he has received over the years after speaking to various audiences. If you are confused about how to use Technical Analysis at a practical day-to-day level, these suggestions should help. Which way is the market moving? How far up or down will it go? And when will it go the other way? These are the basic concerns of the technical analyst. Behind the charts and graphs and mathematical formulas used to analyze market trends are some basic concepts that apply to most of the theories employed by today's technical analysts. John Murphy, StockCharts.com's Chief Technical Analyst, has drawn upon his thirty years of experience in t