abandoning strategy, emotions, 41
American Association of Professional Technical Analysts (AAPTA), The, 110
annual reports, 71
averages, moving, 112
backup system, 68
bonds, 54
Business Consultants International (BCI), 148
“BUY Equities,” 18
cash flow per share, 33
“cash phase,” 17
charting, 110
China, 7
coincident economic indicators, 27
competition, 94
complexity, 95
consolidation/correction, 16
consumer confidence index, 27
consumer price index (CPI), 26
corporate forecasts, 91
cost averaging, 41
cyclical trough, 17
day trading, 118. See also trading; specific trading
knowledge and expertise, 123
profitability, 122
deceit, 28
decision-making process
long-term objectives, 52
risk tolerance, 52
declining population, 4
directors, interviews of, 73
disaster, technical analysis, 104
discipline and work ethic, 130–131
earnings, 16
earnings driven, equity cycle, 21
earnings growth (EPS), 38
economic data, technical analysis, 104
economic forecasts, 91
economics and trading strategies, 92–93
economy, 151
electronic communication networks (ECNs), 118
eurozone and its aging population, 4
exporting goods, 90
fair and realistic price earnings, 149
firewall, 68
fiscal policy, 91
floor-based trading, 59
flow of funds, 88
flows and balances, 90
forex market, 28
free cash flow, 33
technical analysis vs., 102–104
fundamental variables
flows and balances, 90
monetary and fiscal policies, 91
goals, 132
graphs, 72
gross domestic product (GDP), 26
hesitate, 136
higher risk, 42
historical data, 72
ignorance, 95
imperfection, 94
importing goods, 90
index of leading indicators, 26
inequality, 94
interest rate driven, equity cycle, 20–21
interest rates, 5, 16, 28–29, 89–90
International Federation of Technical Analysts (IFTA), The, 110
internet access, 67
Internet Service Provider (ISP), 124
investment, 38
investment cycle, 15–17, 18–20
investment, emotions, 41
investment process, 43
IPO valuation methodology, 147–150
knowledge and expertise, 123
lagging and coincident economic indicators, 27
leading indicator, 12, 21, 27, 98
length, economic cycle, 18
limit order, 45
liquidity and tradability, 150
long-term objectives, 52
MACD, 12
macro-economics, 87
market fever, emotions, 41
market order, 45
markets
Market Technicians Association (MTA), The, 110
micro-economics, 87
misery index, 26
monetary policy, 91
MSCI, 6
online magazines, 60
panic, emotions, 40
paper trading, 120
patient, being, 42
peak, 17
PEG ratio, 32
personal trading behavior, 139
political events, technical analysis, 104
political interference, 6
population, declining, 4
Porter’s five forces model, 146
price-to-book ratio (P:B), 31
price to earnings (P:E) ratio, 32, 34
PricewaterhouseCoopers analysis, 6
prime rate, 89
profitability, trading, 122
real gross domestic product, 26
realistic expectations, 42
reinvestment, emotions, 42
relative performance, 113
Relative Strength Index (RSI), 12
resistance lines, 99
risk-reward relationship, 53
risk tolerance, 52
sampling error, 27
scarcity, 94
search engine, 58
share price, 3
shares, 54
software, trading, 125
speculators, 139
Standard & Poor’s 500, 25
stockbroking, 137
stock correction, equity cycle, 21
stock market indices, 25
stock markets, 135
stocks
buying, 45
money, 119
monitoring shares, 46
selling, 46
stock strategies
identifying, 44
investment process, 43
stock value
cash flow per share, 33
free cash flow, 33
P:B ratio, 31
PEG ratio, 32
P:E ratio, 32
stop order, 45
strategic plan, 118
subjectivity, 94
support and resistance, 112
support lines, 99
swing trading, 119
technical analysis, 98–99, 101–105
vs. fundamental analysis, 102–104
terrorism, technical analysis, 105
third-world markets, 6
time horizon, 51
trade balance, 90
trading. See also trading; specific trading
charting, 13
intelligence vs. success, 13–14
principles and rules, 38
truths of investing, 40
trading websites, 60
trend line, 112
triggers, technical, 12, 98–99, 101–105, 109–111
unemployment rate, 25
uninterruptible power supply (UPS), 68
U.S. dollar, 5
war, technical analysis, 105
web address, 58
3.14.15.177