Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements.

Technical Analysis:  Techniques for predicting market direction based on

• (1) historical price and volume behaviour and 
• (2) investor sentiment.

Learn more here:
www.stockcharts.com
Select "Chart School."
www.e-analytics.com
Glossary of technical terms

www.prophet.net
The number one website on technical analysis according to Forbes and Barron's.

and:
www.chartpatterns.com
www.stockta.com


Technical analysts:  These investors essentially search for bullish or bearish signals, meaning positive or negative indicators about stock prices or market direction.


Dow Theory:  Method for predicting market direction that relies on the Dow Industrial and the Dow Transportation averages.

Learn more here:
www.dowtheory.com
www.thedowtheory.com


Support level:  Price or level below which a stock or the market as a whole is unlikely to fall.

Resistance level: Price or level above which a stock or the market as a whole is unlikely to rise.

Relative strength:  A measure of the performance of one investment relative to another.

Moving average: An average daily price or index level, calculated using a fixed number of previous days' prices or levels updated each day.

Hi-lo-close chart:  Plot of high, low and closing prices.

Candlestick chart:  Plot of high, low, open, and closing prices that shows whether the closing price was above or below the opening price.

Point-and-figure chart:  Technical analysis chart showing only major price moves and their direction.