Master technical analysis, step-by-step! Already the field's most comprehensive, reliable, and objective introduction, this guidebook 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, Technical Analysis, Third Edition systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations and examples, 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 effects, flow of funds, testing systems, risk mitigation strategies, and many other topics.
Offering 30% new coverage, Technical Analysis, Third Edition thoroughly addresses recent advances in pattern recognition, market analysis, systems management, and confidence testing; Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; innovations in exit stops, portfolio selection, and testing; implications of behavioral bias, and the recent performance of old formulas and methods. For traders, researchers, and serious investors alike, this is the definitive guide to profiting from technical analysis.
Autorentext
Charles D. Kirkpatrick II, CMT, relative to technical analysis, is or has been:
- President, Kirkpatrick & Company, Inc., Kittery, Maine--a private firm specializing in technical research; editor and publisher of the Market Strategist newsletter.
- Author of several other books on aspects of technical analysis in the trading markets.
- Adjunct professor of finance, Brandeis University International School of Business, Waltham, Massachusetts.
- Director and vice president, Market Technicians Association Educational Foundation, Cambridge, Massachusetts--a charitable foundation dedicated to encouraging and providing educational courses in technical analysis at the college and university level.
- Editor, Journal of Technical Analysis, New York, New York--the official journal of technical analysis research.
- Director, Market Technicians Association, New York, New York--an association of professional technical analysts.
Inhalt
- Part I: Introductiob
- Chapter 1: Introduction to Technical Analysis
- Chapter 2: The Basic Principle of Technical Analysis--The Trend
- Chapter 3: History of Technical Analysis
- Chapter 4: The Technical Analysis Controversy
- Part II: Markets and Market Indicators
- Chapter 5: An Overview of Markets
- Chapter 6: Dow Theory
- Chapter 7: Sentiment
- Chapter 8: Measuring Market Strength
- Chapter 9: Temporal Patterns and Cycles
- Chapter 10: Flow of Funds
- Part III: Trend Analysis
- Chapter 11: History and Construction of Charts
- Chapter 12: Trends--The Basics
- Chapter 13: Breakouts, Stops, and Retracements
- Chapter 14: Moving Averages
- Part IV: Chart Pattern Analysis
- Chapter 15: Bar Chart Patterns
- Chapter 16: Point and Figure Chart Patterns
- Chapter 17: Short-Term Patterns
- Part V: Trend Confirmation
- Chapter 18: Confirmation
- Part VI: Other Technical Methods and Rules
- Chapter 19: Cycles
- Chapter 20: Elliott, Fibonacci, and Gann
- Part VII: Selection
- Chapter 21: Selection of Markets and Issues: Trading and Investing
- Part VIII: System Testing and Management
- Chapter 22: System Design and Testing
- Chapter 23: Money and Portfolio Risk Management
- Part IX: Appendices
- Appendix A: Basic Statistics
- Appendix B: Types of Orders and Other Trader Terminology
- Bibliography
- Index