I'm always saying us a simple approach. When most people use the term "technical" they usually mean taking all the information you can gather and use it to forecast the future earnings and therefore the future price. Sounds like a lot of work and Good luck, because most people just can't project what will happen in the future.
I prefer the advice given in the Investment Zoo "What I do have is a knowledge of whether the market is cheap or expensive. This knowledge is based on historical data such as the price/earnings ratio and the market's average dividend yield". "But I do not buy the market, only individual stocks".
That's basically my technical analysis: "Is the current yield of the stock I own above or below it's average yield?" Once it goes above than I'm interested in buying and might look at some other factors before buying. That's it.
I prefer the advice given in the Investment Zoo "What I do have is a knowledge of whether the market is cheap or expensive. This knowledge is based on historical data such as the price/earnings ratio and the market's average dividend yield". "But I do not buy the market, only individual stocks".
That's basically my technical analysis: "Is the current yield of the stock I own above or below it's average yield?" Once it goes above than I'm interested in buying and might look at some other factors before buying. That's it.