Hi Srezz,
I'm trying to read up on TA. I just want to know if your predictions are based on a double top reversal pattern?
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My targets are based on the daily volatility. Anything like "double tops", or "head & shoulders", or anything else of this kind are highly arbitrary things and in my book of TA can only serve as initial points of analysis or confirmations for the volatility based targets.
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For someone new to TA what would be the best book to start with? After doing some googling, I've decided to start with John Murphy's Technical Analysis of Financial Markets.
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That's what I always recommend as an excellent introduction to the TA world.
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At srezz's recommendation, I am about halfway through this book. It has given me a good understanding of the basics so far.
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