The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

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Introduction to the Art and Science of Technical Analysis


Subjectivity in Determining an event: the point of entry
Identifying, interpreting, and inferring market action are not the only areas where
subjectivity plays a significant role. The determination of the exact points of entry
to and exit from the market is also subjective at the most fundamental level of
observation. What appears to be essentially objective is also built on a foundation
of subjectivity. An example will help illustrate the point. Refer to Figure 1.20.

fIgure 1.19 Selective Perception and Conflicting Oscillator Signals.

fIgure 1.20 Example of Subjective Objectivity.
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