Technical Analysis Explained [Hardback]
The Successful Investor's Guide to Spotting Investment Trends and Turning Pointsby Martin Pring
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Description of Technical Analysis ExplainedRecommended for professional certification by the Market Technician's Association, this is the Original - and Still Number One - Technical Analysis Answer Book.
Traders and investors are creatures of habit who react - and often overreact - in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future. Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs. Since its original publication in 1980, and through two updated editions, Martin Pring's "Technical Analysis Explained" has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks.
Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies, this comprehensively revised fourth edition provides new chapters on: candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders; expanded material on momentum - including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic; expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow; relative strength, an increasingly important and until now underappreciated arm of technical analysis; application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing.
Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark "Technical Analysis Explained" provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.
Financial Guru ReviewsAnother good teacher.
Press and Industry Reviews"Technical Analysis Explained, 4th Edition", is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.Completely revised and updated for the technologies and trading styles of 21st century markets, it features: technical indicators to predict and profit from regularly occurring market turning points; psychological strategies for intuitively knowing where investors will seek profits - and arriving there first!; and, methods to increase your forecasting accuracy, using today's most advanced trading techniques.
"One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948...Belongs on the shelf of every serious trader and technical analyst."
"..."Technical Analysis Explained" [is] widely regarded as the standard work for this generation of chartists."
"Technical Analysis Explained more than exceeded my expectations in every way. I learned the answers to many questions I have had come up over the period I have been studying the art of TA. I ordered the video course companion to the text and thoroughly enjoyed it. I immediately (yes, immediately) experienced profits in my portfolio after studying the course. Now, I am even more interested in the fascinating subject of TA, and I intend to order other material from Mr. Pring ASAP. Thank you for such wonderful access to a wealth of information."
- HM, Missouri
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About Martin PringMartin J. Pring is the highly respected president of Pring Research (www.pring.com), editor of the newsletter The Intermarket Review, and one of today's most influential thought leaders in the world of technical analysis. The author of McGraw-Hill's Martin Pring on Technical Analysis series, Pring has written more than a dozen trading books and has contributed to Barron's and other national publications. He was awarded the Jack Frost Memorial Award from the Canadian Technical Analysts Society.
Contents of Technical Analysis ExplainedPart 1. Trend-Determining Techniques
1. Market Cycle Model
2. Financial Markets and the Business Cycle
3. Dow Theory
4. Typical Parameters for Intermediate-Term Trends
5. Price Patterns
6. Flags, Pennants, Wedges, and Gaps
8. Moving Averages
9. Momentum I
10. Momentum II
11. Point and Figure Charting
12. Miscellaneous Techniques for Determining Trends
13. Putting the Techniques Together' An Analysis of the Dow Jones Utility Average 1962-1969
Part 2. Market Structure
14. Price The Major Averages
15. Price Group Rotation
16. Time Longer-Term Cycles
17. Time Practical Identification of Cycles
Part 3. Interest Rates and the Stock Market
20. Why Interest Rates Affect the Stock Market
21. Short-Term (Money-Market) Interest Rates
22. Long-Term Interest Rates
Part 4. Other Aspects of Market Behavior
23. Sentiment Indicators
24. Speculative Activity in the Stock Market
25. Automated Trading Systems
26. Putting the Indicators Together
Part 5. Specific Financial Markets
27. Technical Analysis of International Stock Markets
28. Technical Analysis of Individual Stocks
29. Technical Analysis of Gold
30. Technical Analysis of Currencies
31. Technical Analysis of Commodity Markets
Appendix A Candle Charts
Appendix B the Elliott Wave Principle
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