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TECHNICAL ANALYSIS, IN THE STRICT SENSE, MEANS THE STUDY OF A MARKET (REAL OR FINANCIAL) EXCLUSIVELY BASED ON THE EXAMINATION OF DATA SYSTEMATICALLY TAKEN FROM ITSELF AND USUALLY REPRESENTED IN A GRAPHICAL FORM.
IN THE WIDE SENSE, INSTEAD, IT CAN BE DEFINED AS THE THEORY ACCORDING TO IT IS POSSIBLE TO FORECAST THE FUTURE BEHAVIOUR OF A LISTED GOOD STUDYING ITS PAST HISTORY.
IT WAS BORN IN THE U.S.A. AROUND THE 1900's, SOMETIMES PROMOTED AS A MAGIC FORMULA, OTHER TIMES CHARGED WITH WITCHRAFT, THE HEURISTIC TECHNICAL ANALYSIS IS, ACTUALLY, STILL UNDERVALUED IN THE ACADEMIC WORLD.
IN FACT, IT IS A MIX OF PRINCIPLES AND METHODS DERIVED FROM THE EXPERIENCE OF ANALYSTS AND OPERATORS DIRECTLY INVOLVED IN SPECULATIVE ACTIVITIES ON THE FINANCIAL AND COMMODITIES MARKETS (Free Download).