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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Wednesday, January 24, 2001

Stock Focus: Fundamentals And Technicals

NEW YORK - Bollinger bands, Elliot waves, Gann analysis, Fibonacci retracements, breakouts and stochastics are terms used in the mysterious world of technical analysis. Technical practitioners pick stocks by looking for patterns and trends in price movement and trading activity.

Such analysis can get quite complicated, and the rules on how to interpret trends and patterns can vary according to market conditions. "Where technical analysts earn their money is knowing which technical indicators to use and when to use them," says John Schlitz, vice president and director of technical research at Instinet Research.

Full story at Forbes.com