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Technical Analysis - Explained - Credit Suisse

Patterns(Elliott waves)Trend(Moving averages)Momentum(Rates-of-change)Techni cal Analysis - ExplainedPrivate BankingZurich/SwitzerlandGlobal Technical Research and Behavioral FinanceCautionHopeGreedOptimismEuphoriaC onvictionConfidenceReliefDespondencyPess imismFearPanicDenial- 2 - Technical Analysis - ExplainedGlobal Technical Research60006500700075008000850090009500 ContentsWhat is Technical Analysis ? ..3 Technical Analysis pre-empts fundamental data ..4 Mood governs ratio ..5 Optimism, pessimism, greed and fear ..6 Chart types and chart construction ..7 Support and resistance ..8 Trendlines ..9 Investment horizons ..10 What trend? ..11 Moving averages ..12 The simple moving average ..13 Long-, medium- and short-term averages ..14 Moving average crossover ..15 Momentum ..16 Momentum, indicator signals ..17 Long-, medium- and short-term indicators ..18 Trend and momentum combination ..19 Reversal and redistribution ..20 Equity Analysis ..21 Cycle phase distribution.

of the mood of the crowd and not of the fundamental factors. Thus, technical analysis is the analysis of human mass psychology. Therefore, it is also called behavioral finance. May Jun Jul Aug Sep Oct Nov Dec 2010 Feb Mar Apr-1000-500 0 500 1000 1500 2000 5000 5500 6000 6500 Price chart Technical indicators

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