Also available in other formats.
Register your product to gain access to bonus material or receive a coupon.
Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition has been thoroughly updated to reflect the field's latest advances. Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program, this book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations, the authors explain the analysis of both markets and individual issues, and present complete investment systems and portfolio management plans. They present authoritative, up-to-date coverage of tested sentiment, momentum indicators, seasonal affects, flow of funds, testing systems, risk mitigation strategies, and many other topics. This edition thoroughly covers the latest advances in pattern recognition, market analysis, and systems management. The authors introduce new confidence tests; cover increasingly popular methods such as Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; present innovations in exit stops, portfolio selection, and testing; and discuss the implications of behavioral bias for technical analysis. They also reassess old formulas and methods, such as intermarket relationships, identifying pitfalls that emerged during the recent market decline. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis.
Part I Introduction 1
1 Introduction to Technical Analysis 3
2 The Basic Principle of Technical Analysis--The Trend 9
3 History of Technical Analysis 23
4 The Technical Analysis Controversy 33
Part II Markets and Market Indicators 55
5 An Overview of Markets 57
6 Dow Theory 75
7 Sentiment 89
8 Measuring Market Strength 131
9 Temporal Patterns and Cycles 163
10 Flow of Funds 177
Part III Trend Analysis 197
11 History and Construction of Charts 199
12 Trends--The Basics 223
13 Breakouts, Stops, and Retracements 255
14 Moving Averages 275
Part IV Chart Pattern Analysis 299
15 Bar Chart Patterns 301
16 Point-and-Figure Chart Patterns 335
17 Short-Term Patterns 359
Part V Trend Confirmation 405
18 Confirmation 407
Part VI Other Technical Methods and Rules 447
19 Cycles 449
20 Elliott, Fibonacci, and Gann 477
Part VII Selection 501
21 Selection of Markets and Issues: Trading and Investing 503
Part VIII System Testing and Management 527
22 System Design and Testing 529
23 Money and Risk Management 559
Part IX Appendices 579
A Basic Statistics 581
B Types of Orders and Other Trader Terminology 607
ONE MONTH ACCESS!
Get unlimited 30-day access to thousands of Books & Training Videos about technology, professional development and digital media If you continue your subscription after your 30-day trial, you can receive 30% off a monthly subscription to the Safari Library for up to 12 months.