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Technical Analysis: The Complete Resource for Financial Market Technicians

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Product Author Bios

Charles D. Kirkpatrick II, CMT, is president of Kirkpatrick & Company, Inc., a technical analysis research firm. He has appeared on CNBC and Wall Street Week, and has been quoted in Barron’s, Money, and BusinessWeek. An instructor in finance at the School of Business Administration, Fort Lewis College, he is a two-time winner of the Market Technicians Association’s prestigious Charles H. Dow Award for research in technical analysis. He is a Chartered Market Technician, a member of the board of directors of the Market Technicians Association and the Market Technicians Association Educational Foundation, and editor of the Journal of Technical Analysis. He is a graduate of both Harvard (AB) and the Wharton School (MBA).

 

Julie R. Dahlquist, Ph.D., received her B.B.A. in economics from University of Louisiana at Monroe, her M.A. in theology from St. Mary’s University, and her Ph.D. in economics from Texas A&M University. Currently, she is a senior lecturer, Department of Finance, at the University of Texas at San Antonio College of Business. Dr. Dahlquist serves on the UTSA Executive-MBA faculty and is a frequent presenter at national and international conferences. She is the coauthor (with Richard Bauer) of Technical Market Indicators: Analysis and Performance (John Wiley & Sons, 1999). Her research has appeared in Financial Analysts Journal, Journal of Technical Analysis, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, and the Journal of Financial Education. She serves on the board of the Market Technicians Association Educational Foundation, on the editorial board of the Southwestern Business Administration Journal, and as a reviewer for a number of journals, including the Journal of Technical Analysis.

 

Now, there's a comprehensive, objective, and reliable tutorial and reference for the entire field of technical analysis. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis. Individual investors and professional investment managers are increasingly recognizing the value of technical analysis in identifying trading opportunities. Moreover, the SECs requirement for analysts and brokers to pass Section 86 exams can now be fulfilled with the Chartered Market Technician (CMT) certification.

 

Author Charles D. Kirkpatrick II has spent decades using technical analysis to advise major investing institutions -- and he currently teaches the subject to MBA candidates, giving him unique insight into the best ways of explaining its complex concepts. Together with university finance instructor and CMT Dr. Julie Dahlquist, Kirkpatrick systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using 200+ illustrations, the authors explain the analysis of markets and individual issues, and present a complete investment system and portfolio management plan. Readers will learn how to use tested sentiment, momentum indicators, seasonal affects, flow of funds, and many other techniques. The authors reveal which chart patterns and indicators have been reliable; show how to test systems; and demonstrate how technical analysis can be used to mitigate risk.

Customer Reviews

107 of 114 people found the following review helpful
5.0 out of 5 stars Thorough Look at Technical Analysis, December 12, 2006
By 
L. Masonson (Monroe, New York USA) - See all my reviews
(REAL NAME)   
This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
Charles Kirkpatrick II, CMT, and Julie Dahlquist, Ph.D., the authors, have decades of experience in using and/or teaching technical analysis on the college level. Their subject mastery is apparent in this well-written all-inclusive textbook , which is clearly and logically written. Each chapter builds on the knowledge learned in prior chapters. In addition, there is an extensive 18-page bibliography.

This 672-page 23-chapter book is written in a college textbook style. For example, each chapter begins with a handful of objectives, followed by the subject matter including large easy-to-read charts and tables (many created using TradeStation charts and data from Ned Davis Research, Inc.), and ends with a conclusion section, as well as review questions.

In the introduction to the subject, the authors review the history of technical analysis, as well as the importance of trends, and the controversy surrounding the validity of the random walk hypothesis and the... Read more
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65 of 68 people found the following review helpful
5.0 out of 5 stars Singe Best Book on Technical Analysis!, January 24, 2008
This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
Technical Analysis by Kirkpatrick and Dahlquist has raised the bar and set the standard for TA books. It's far more advanced than Murphy's Technical Analysis of the Financial Markets, and a much easier read, as well as more scientific, than Pring's Technical Analysis Explained.

It consists of 629 pages loaded - I'm talking small type - with brilliant insights on stock analysis and market analysis. The book serves as a guide, a text book on TA, and a myth buster of some of the "pie in the sky" vodoo that tends to distort the image of TA. It tells you - with statistics and scientific research - what's effective, what was never effective and what used to be effective. After already having read several investment books on TA and fundamental analyis and having went to B-School, I still learned both fundamental things and TA things from this book.
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39 of 43 people found the following review helpful
5.0 out of 5 stars Outstanding book!, December 12, 2007
By 
This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
This is by far the best book I have read on technical analysis. It is a complete guide to all the different aspects of T/A. The best part of the book and the reason it I give it 5 stars, is the fact that the author has tested all of the indicators himself (and his team), and if he hasn't tested them personally, he list someone who has. He provides you with the success/failure rate of different indicators, what % of the time the stock will rise after say a declining wedge, and how often contrarian trading works to your advantage.

If you have not read a book on T/A before, I would recommend reading something like Technical Analysis of the Financial Markets. I think you will get more out of the book if you already have a good knowledge base built up before hand.
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Online Sample Chapter

Introduction to Technical Analysis

Table of Contents

Acknowledgments xxv

About the Authors xxvii

 

Part I: Introduction  1

Chapter 1: Introduction to Technical Analysis  3

Chapter 2: The Basic Principle of Technical Analysis–The Trend  9

Chapter 3: History of Technical Analysis  21

Chapter 4: The Technical Analysis Controversy  31

 

Part II: Markets and Market Indicators  53

Chapter 5: An Overview of Markets  55

Chapter 6: Dow Theory  73

Chapter 7: Sentiment  85

Chapter 8: Measuring Market Strength  125

Chapter 9: Temporal Patterns and Cycles  155

Chapter 10: Flow of Funds  169

 

Part III: Trend Analysis  189

Chapter 11: History and Construction of Charts  191

Chapter 12: Trends–The Basics  215

Chapter 13: Breakouts, Stops, And Retracements  247

Chapter 14: Moving Averages  271

 

Part IV: Chart Pattern Analysis  299

Chapter 15: Bar Chart Patterns  301

Chapter 16: Point-and-Figure Chart Patterns  341

Chapter 17: Short-Term Patterns  365

 

Part V: Trend Confirmation  409

Chapter 18: Confirmation  411

 

Part VI: Other Technical Methods and Rules  453

Chapter 19: Cycles  455

Chapter 20: Elliott, Fibonacci, and Gann  485

 

Part VII: Selection 509

Chapter 21: Selection of Markets and Issues: Trading and Investing  511

 

Part VIII: System Testing and Management  537

Chapter 22: System Design and Testing  539

Chapter 23: Money and Risk Management  571

 

Part IX: Appendices  591

Appendix A: Basic Statistics  593

Appendix B: Types of Orders and Other Trader Terminology  621

 

Bibliography  625

Index  645

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