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Technical Analysis is all about
interpretation of theories . Lets take an example of moving
averages . Somebody has given a theory that market find
support and resistance due to buying or selling interest on
certain levels calculated by averaging levels between
certain time period - 100 Days , 200 Days etc.
This theory must have faced criticism or even declared sheer
foolishness , but as the years
passed by and the theory implemented into practice , that
was found correct - and it became a widely accepted theory.
Based on the popular theories of technical
analysis , i am working on a technique called Pattern
Analysis , where we can alayse the charts based on short
term pattern , mid term patterns and long term patterns .
We are in to process of defining all sort of patterns and
testing them on charts . The recent example is our "Mirror
Image Pattern" , implemented for last one year to predict
the nifty movements for mid term.
(Check our last report based on this pattern)
Very soon we'll come out with the complete
theory of "Pattern Analysis" , which can be used with
Technical Analysis to make it more precise .
"I'm open for
suggestions , comments , criticism & feedbacks" write to me -
alok@iicmindia.net
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"
Technical
Analysis has been a widely explored domain among analyst
involved in financials . It works on certain theories and
its interpretation . Different authors and research teams
have given technical analysis a different path, but very few
if them tried to make it easy to understand for the investor
community . That is the reason , I believe , made this
technique limited to a group of analysts. We find lot of
investors reading fundamental reports and financial results
of the company , but very few of them are interested in
technical analysis. So I'm currently working on a book which
is planned to get published in 2010 , to make technical
analysis easy to understand . The book is named as -
Non-Technical approach to technical Analysis
" 
IICM
is not a regular classroom courses providing institute .
With the vision to create a competitive and prepared
work force for Financial Services Industry , we have
decided not to limit our expertise within our own
boundaries
n
our effort to spread the knowledge base among mass , we
tie-up with the institutions where the budding
professionals are preparing themselves with an ambition
to join one of the most interesting and adventurous
career option - Financial Services .
commencement
of the courses and by the time these students come out
of the college , they are fully equipped with the
knowledge and exposure of the services they are willing
to join , with a power packed CV with different National
Level Certifications attached to it .