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VERSION:2.0
PRODID:-//sebbo.net//ical-generator//EN
NAME:Westlake Porter Library
X-WR-CALNAME:Westlake Porter Library
BEGIN:VEVENT
UID:63643cc9-023b-44be-aa8d-6d2d22509baa
SEQUENCE:0
DTSTAMP:20260718T005226Z
DTSTART;TZID=America/New_York:20230325T100000
DTEND;TZID=America/New_York:20230325T123000
SUMMARY:Why Technical Analysis?
LOCATION:Westlake Porter Public Library\nWestlake Porter Public Library
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Westlake Porter Public Lib
 rary;X-APPLE-RADIUS=10;X-TITLE=Westlake Porter Public Library:geo:41.44766
 6,-81.92459
GEO:41.447666;-81.92459
DESCRIPTION:Learn how TA (Technical Analysis) creates a context for viewin
 g and understanding current market behavior\, which is most useful for 
 trend-following strategies. .\nhttps://westlakelibrary.libnet.info/e
 vent/8020645
X-ALT-DESC;FMTTYPE=text/html:<p>Market prices are not derived from any fun
 damental attributes\, but rather from the&nbsp\;opinions&nbsp\;of market p
 articipants about the future prospects of that security.&nbsp\;&nbsp\;Fore
 casts&nbsp\;of prices are actually&nbsp\;lagging&nbsp\;indicators.&nbsp\;&
 nbsp\;TA creates a context for viewing and understanding current market be
 havior\, which is most useful for&nbsp\;trend-following&nbsp\;strategies&n
 bsp\;[aka early detection coupled with fast-following techniques].&nbsp\;&
 nbsp\;</p>\n<p>Price moves in multiple&nbsp\;nested&nbsp\;cycles\, with lo
 nger cycles serving as carrier waves for shorter ones.&nbsp\;&nbsp\;The si
 ngle most important issue in trend-following is to sharply minimize the im
 pact of major market tsunamis. Everything else pales by comparison.&nbsp\;
 </p>\n<p>Reliability of behavioral patterns increases exponentially as tim
 e frame increases.&nbsp\;&nbsp\;When viewing cyclic time-based data\, esse
 ntial to focus on changes of direction (features)\, instead of price&nbsp\
 ;per se. To insure&nbsp\;representative&nbsp\;view\, need&nbsp\;observatio
 n&nbsp\;time intervals ~20 times the length of the cycle of interest\, whi
 ch corresponds to a feature count of ~20.</p>\n<p>You will learn:&nbsp\;</
 p>\n<ul>\n<li>Why all forecasts are actually&nbsp\;<strong><em>lagging</em
 >&nbsp\;</strong>indicators of market behavior.</li>\n<li>Why&nbsp\;<stron
 g><em>context</em>&nbsp\;</strong>is critical to the understanding and uti
 lization of market data.</li>\n<li>How trend-following\, coupled with earl
 y detection techniques\, can provide a sound strategy for investing.&nbsp\
 ;</li>\n</ul>\n<div class="alert alert-info" style="border-radius: 0px\;">
 \n<p><strong>Disclaimer</strong>: This talk should not be construed as inv
 esting advice\, but rather as an exploration of ideas and techniques that 
 people might consider in making their own decisions. Individuals are at al
 l times solely responsible for their own investing decisions\, actions\, a
 nd results.</p>\n</div>\n<p><a href="https://www.aaii.com/about" target="_
 blank" rel="noopener">American Association of Individual Investors (AAII)<
 /a> is an independent nonprofit corporation formed in 1978 to assist indiv
 iduals in becoming effective managers of their own assets through programs
  of education\, information and research.</p>\nhttps://westlakelibrary.lib
 net.info/event/8020645
URL;VALUE=URI:https://westlakelibrary.libnet.info/event/8020645
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