Skip to main content
close
Font size options
Increase or decrease the font size for this website by clicking on the 'A's.
Contrast options
Choose a color combination to give the most comfortable contrast.
Image for event: Why Technical Analysis?

Registration now closed

Why Technical Analysis?

Presented by Lou Floyd – AAII Cleveland Chapter Leader

2023-03-25 10:00:00 2023-03-25 12:30:00 America/New_York Why Technical Analysis? Learn how TA (Technical Analysis) creates a context for viewing and understanding current market behavior, which is most useful for trend-following strategies.  Westlake Porter Public Library - Porter Room

Saturday, March 25
10:00am - 12:30pm

Add to Calendar 2023-03-25 10:00:00 2023-03-25 12:30:00 America/New_York Why Technical Analysis? Learn how TA (Technical Analysis) creates a context for viewing and understanding current market behavior, which is most useful for trend-following strategies.  Westlake Porter Public Library - Porter Room

Learn how TA (Technical Analysis) creates a context for viewing and understanding current market behavior, which is most useful for trend-following strategies. 

Market prices are not derived from any fundamental attributes, but rather from the opinions of market participants about the future prospects of that security.  Forecasts of prices are actually lagging indicators.  TA creates a context for viewing and understanding current market behavior, which is most useful for trend-following strategies [aka early detection coupled with fast-following techniques].  

Price moves in multiple nested cycles, with longer cycles serving as carrier waves for shorter ones.  The single most important issue in trend-following is to sharply minimize the impact of major market tsunamis. Everything else pales by comparison. 

Reliability of behavioral patterns increases exponentially as time frame increases.  When viewing cyclic time-based data, essential to focus on changes of direction (features), instead of price per se. To insure representative view, need observation time intervals ~20 times the length of the cycle of interest, which corresponds to a feature count of ~20.

You will learn: 

  • Why all forecasts are actually lagging indicators of market behavior.
  • Why context is critical to the understanding and utilization of market data.
  • How trend-following, coupled with early detection techniques, can provide a sound strategy for investing. 

Disclaimer: This talk should not be construed as investing advice, but rather as an exploration of ideas and techniques that people might consider in making their own decisions. Individuals are at all times solely responsible for their own investing decisions, actions, and results.

American Association of Individual Investors (AAII) is an independent nonprofit corporation formed in 1978 to assist individuals in becoming effective managers of their own assets through programs of education, information and research.

Westlake Porter Public Library

Phone: (440) 871-2600
Fax: (440) 871-6969

Hours
We're closed Friday July 04 due to Independence Day
Mon, Jun 30 9:00AM to 9:00PM
Tue, Jul 01 9:00AM to 9:00PM
Wed, Jul 02 9:00AM to 9:00PM
Thu, Jul 03 9:00AM to 9:00PM
Fri, Jul 04 Closed
(Independence Day)
Sat, Jul 05 9:00AM to 6:00PM
Sun, Jul 06 1:00PM to 5:00PM
Mon, Jun 30 9:00AM to 9:00PM
Tue, Jul 01 9:00AM to 9:00PM
Wed, Jul 02 9:00AM to 9:00PM
Thu, Jul 03 9:00AM to 9:00PM
Fri, Jul 04 Closed
(Independence Day)
Sat, Jul 05 9:00AM to 6:00PM
Sun, Jul 06 1:00PM to 5:00PM

About the branch

Westlake Porter Public Library is an independent public library serving the residents of the city of Westlake, western Cuyahoga County and eastern Lorain County. The library is located at 27333 Center Ridge Road in Westlake, Ohio. Anyone who lives, works, owns property, or goes to school in Ohio can register for a free library card.

Upcoming events

Sun, Jul 06, 2:00pm - 3:00pm
Storytime Room

Mon, Jul 07, 2:00pm - 3:00pm
Craft Room

Mon, Jul 07, 3:00pm - 3:45pm
Technology Training Lab

Tue, Jul 08, 9:30am - 10:00am
Storytime Room

Tue, Jul 08, 10:00am - 11:00am
Porter Room

Tue, Jul 08, 10:00am - 11:30am
Dover Room

Tue, Jul 08, 10:15am - 10:45am
Storytime Room

Tue, Jul 08, 7:00pm - 8:30pm
Porter Room,Zoom Programming 2

Wed, Jul 09, 1:00pm - 1:30pm
Storytime Room

Wed, Jul 09, 2:00pm - 3:30pm
Makerspace,Technology Training Lab

Wed, Jul 09, 5:00pm - 6:00pm
Storytime Room

Wed, Jul 09, 7:00pm - 8:30pm
Dover Room

Thu, Jul 10, 10:00am - 10:45am
Friends Pavilion,Storytime Room

Thu, Jul 10, 2:00pm - 4:00pm
Craft Room

Fri, Jul 11, 10:30am - 11:30am
Friends Pavilion

Sat, Jul 12, 10:30am - 11:00am
Storytime Room

Sun, Jul 13, 2:00pm - 3:00pm
Storytime Room

Mon, Jul 14, 9:00am - 9:00pm
Registration opens Monday, July 7 2025 at 9:00am

Mon, Jul 14, 11:00am - 11:45am
Porter Room
Registration opens Monday, July 7 2025 at 9:00am

Mon, Jul 14, 3:00pm - 3:45pm
Technology Training Lab
Registration opens Monday, July 7 2025 at 9:00am

Mon, Jul 14, 6:30pm - 7:30pm
Porter Room

Tue, Jul 15, 9:30am - 10:00am
Storytime Room

Tue, Jul 15, 10:15am - 10:45am
Storytime Room

Tue, Jul 15, 11:00am - 11:45am
Porter Room
Registration opens Tuesday, July 8 2025 at 9:00am

Tue, Jul 15, 6:00pm - 8:00pm
Craft Room

Wed, Jul 16, 11:00am - 11:45am
Porter Room
Registration opens Wednesday, July 9 2025 at 9:00am

Wed, Jul 16, 1:00pm - 1:30pm
Storytime Room

Wed, Jul 16, 2:00pm - 3:30pm
Makerspace,Technology Training Lab

Wed, Jul 16, 5:00pm - 6:00pm
Storytime Room

Wed, Jul 16, 6:30pm - 8:30pm
Thomas A. Fox Board Room

Wed, Jul 16, 7:00pm - 7:30pm
Storytime Room

Thu, Jul 17, 11:00am - 1:00pm
Friends Pavilion,Porter Room

Thu, Jul 17, 1:00pm - 2:30pm
Registration opens Thursday, July 10 2025 at 9:00am

Thu, Jul 17, 2:00pm - 4:00pm
Friends Pavilion

Thu, Jul 17, 6:30pm - 7:30pm
Reading Garden
Registration opens Thursday, July 10 2025 at 9:00am

Fri, Jul 18, 10:00am - 10:45am
Porter Room

Sat, Jul 19, 10:30am - 11:00am
Friends Pavilion

Sat, Jul 19, 2:00pm - 4:00pm
Porter Room

Mon, Jul 21, 1:00pm - 7:00pm
Porter Room

Mon, Jul 21, 3:00pm - 3:45pm
Technology Training Lab
Registration opens Monday, July 14 2025 at 9:00am

Tue, Jul 22, 6:00pm - 8:00pm
Craft Room
Registration opens Tuesday, July 15 2025 at 9:00am

Tue, Jul 22, 7:00pm - 8:30pm
Porter Room

Wed, Jul 23, 11:00am - 11:45am
Storytime Room
Registration opens Wednesday, July 16 2025 at 9:00am

Wed, Jul 23, 2:00pm - 3:30pm
Makerspace,Technology Training Lab

Wed, Jul 23, 5:00pm - 6:00pm
Storytime Room

Wed, Jul 23, 7:00pm - 8:00pm
Dover Room

Thu, Jul 24, 2:00pm - 4:00pm
Craft Room
Registration opens Thursday, July 17 2025 at 9:00am

Fri, Jul 25, 1:30pm - 3:00pm
Craft Room

Fri, Jul 25, 4:00pm - 4:45pm
Storytime Room
Registration opens Friday, July 18 2025 at 9:00am

Sat, Jul 26, 10:00am - 4:00pm
Porter Room

Sat, Jul 26, 11:00am - 11:45am
Storytime Room
Registration opens Saturday, July 19 2025 at 9:00am

Sat, Jul 26, 2:00pm - 4:00pm

Sun, Jul 27, 2:00pm - 3:00pm
Craft Room
Registration opens Sunday, July 20 2025 at 9:00am

Sun, Jul 27, 2:00pm - 3:00pm
Storytime Room

Mon, Jul 28, 3:00pm - 3:45pm
Technology Training Lab
Registration opens Monday, July 21 2025 at 9:00am

Tue, Jul 29, 9:30am - 9:50am
Storytime Room

Tue, Jul 29, 2:00pm - 4:00pm
Porter Room

Tue, Jul 29, 7:00pm - 8:30pm
Craft Room

Wed, Jul 30, 5:00pm - 6:00pm
Storytime Room

Wed, Jul 30, 6:30pm - 7:30pm
Storytime Room
Registration opens Wednesday, July 23 2025 at 9:00am

Wed, Jul 30, 7:00pm - 8:00pm
Porter Room

Thu, Jul 31, 1:00pm - 1:45pm
Storytime Room
Registration opens Thursday, July 24 2025 at 9:00am

Thu, Jul 31, 3:00pm - 3:30pm
Storytime Room
Registration opens Thursday, July 24 2025 at 9:00am

Fri, Aug 01, 9:00am - 6:00pm

Fri, Aug 01, 10:00am - 10:45am
Friends Pavilion

Cancelled
Fri, Aug 01, 4:00pm - 5:00pm

Sat, Aug 02, 10:00am - 11:30am
Makerspace
Registration opens Saturday, July 26 2025 at 9:00am

Sat, Aug 02, 2:00pm - 3:00pm
Dover Room,Friends Pavilion

Sun, Aug 03, 2:00pm - 3:00pm
Storytime Room

Mon, Aug 04, 9:00am - 9:00pm
Registration opens Monday, July 28 2025 at 9:00am