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Shut Out the News And Things Still Look Bad

Helene Meisler

John Magee, who co-authored the book, "Technical Analysis of Stock Trends," a book I often refer to as the Bible of Technical Analysis, used to advocate that to practice technical analysis, you should lock yourself in a room with no windows and no newspapers and just let the charts tell you what to do in the markets. Magee, who passed away nearly 30 years ago, obviously said this before the advent of modern computers and the Internet, when access to news was quite different.