Time the Markets: Using Technical Analysis to Interpret Economic Data, Revised Edition
Product Author Bios
Charles D. Kirkpatrick II, CMT, is president of Kirkpatrick & Company, Inc., a technical analysis research firm that publishes the Market Strategist investment newsletter. During his professional career, he was an institutional salesman, technical analyst, portfolio manager, hedge fund general partner, securities trading firm owner, option trader, floor trader, lecturer at universities, expert witness at security trials, small business owner, charitable foundation organizer and officer, and combat-decorated officer in Vietnam.
A past instructor in finance at the School of Business Administration, Fort Lewis College, Durango, Colorado, and currently Adjunct Professor of Finance at Brandeis University’s International Business School, he is the only two-time winner of the Market Technicians Association’s prestigious Charles H. Dow Award for research in technical analysis and winner of the Market Technicians Association 2008 Annual Award for “outstanding contributions to the field of technical analysis.”
He is a Chartered Market Technician (CMT), a past member of the board of directors of the Market Technicians Association, and past editor of the Journal of Technical Analysis. He is currently on the board of the Market Technicians Association Educational Foundation and a member of the American Association of Professional Technicians (AAPTA).
In addition to more than ten published articles on aspects of the stock and bond markets, he co-authored Technical Analysis: The Complete Resource for Financial Market Technicians, the primary textbook for the CMT program and for university graduate courses in technical analysis, and he authored Beat the Market, a book on relative strength stock selection. A graduate of Phillips Exeter Academy, Harvard College (AB), and the Wharton School of the University of Pennsylvania (MBA), he lives in Maine with his wife of almost 50 years.
In Time the Markets, award-winning technical analyst Charles D. Kirkpatrick applies technical analysis to key economic indicators and shows how to use them to identify market shifts, avoid loss, and become a more profitable long-term investor.
Drawing on many years of publicly available data, Kirkpatrick demonstrates how to uncover powerful buy and sell signals and shows how to incorporate corporate, industry, monetary, sentiment, and market data into reliable timing indicators that can help you recognize impending stock and bond market dangers—and get out of the way.
Relying primarily on proven technical analysis methods, Kirkpatrick incorporates trading system methods that have proven successful in market timing, including trend and momentum analysis, use of protective and trailing stops, and periodicity. Reflecting the latest insights into behavioral finance, he shares important new insight into measuring marketplace momentum and sentiment—helping long-term investors identify and evade the marketplace irrationalities that often cause capital loss.
Visit the author's Web site.
1 of 1 people found the following review helpful
Great Combination of Economics and Trading,
This review is from: Time the Markets: Using Technical Analysis to Interpret Economic Data, Revised Edition (Hardcover)I thoroughly enjoyed reading Kirkpatrick's book, "Time the Markets." I have an economics background,but I seldom see anyone combining economic information with technical analysis. This book provided some interesting insights. Moreover, it provided a framework for me to think more broadly about combining economics and technical analysis.
3 of 4 people found the following review helpful
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This review is from: Time the Markets: Using Technical Analysis to Interpret Economic Data, Revised Edition (Hardcover)"Every investor is a market timer. Some people buy when they have money, and sell when they need money. Others use methods that are more sophisticated." - Marian McClellan
The focus of this book is twofold. The first part of the book shows the benefits of market timing. The second part of the book examines economic data and various indicators to see if any can be useful in guiding investors away from losses.
Charles Kirpatrick's investment philosophy: (Page 10 in preview copy)
"To me, the only way to make profits is to own stocks that are advancing in price. This is a function of the stock price trend and the market directional trend. Advancing prices mean the price trend is rising, regardless of theory.
When prices are not rising, do you want to be in the stock market? Of course not.
If prices are not advancing, you can't make money, and making money is the whole point of being in the stock market in the first place. Furthermore,... Read more
3 of 8 people found the following review helpful
Unlikely to help with individual stock selection,
This review is from: Time the Markets: Using Technical Analysis to Interpret Economic Data, Revised Edition (Hardcover)After reviewing the methods and criteria for selecting the specific indicators from the myriad economic, corporate, monetary and sentiment factors, the author concludes that the following three indicators can be used to time the markets: Dividend Yield (the best of the indicators), Consumer Credit data (reported monthly), and Purchasing Managers Index (PMI, also reported monthly). He is correct: these indicators can be used to time the markets, but they do not provide a basis for individual stock selection or any other security selection for that matter. In the subtitle, the author tells you the purpose of the book: how to "interpret economic data." He succeeds. But the buyer, using the main title, "Time the Markets," would expect to learn when to buy a stock (or other security), sell a stock, or short a stock. Economists will gain the most from this book, not investors. [Side note: there are thousands of stocks and other securities without dividends. Again, for this author,... Read more
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Online Sample Chapter
Table of Contents
Chapter 1: Introduction 1
Chapter 2: Why Time the Market, and Can It Be Done 7
Chapter 3: Technical Analysis 27
Chapter 4: Systems Analysis 49
Chapter 5: Corporate Indicators 77
Chapter 6: Economic Indicators 107
Chapter 7: Monetary Indicators 127
Chapter 8: Sentiment Indicators 145
Chapter 9: Putting It Together 159
Appendix A: System Parameters 171
Appendix B: Model Signals 175
Appendix C: EasyLanguage Programs 179
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