New Thinking in Technical Analysis is a sophisticated exploration of modern chart-based trading models developed from institutional practice and the insights of leading market technicians. Rick Bensignor presents a framework that moves beyond classical pattern memorization and instead focuses on structured, model-driven market interpretation.
The book bridges traditional technical analysis with macroeconomic awareness, sentiment data, intermarket relationships, and cycle structure. Rather than isolating indicators, Bensignor emphasizes the integration of price behavior, momentum confirmation, and broader capital flow analysis. This multi-dimensional approach reflects institutional trading methodology rather than retail-level signal chasing.
A central theme is adaptability. Markets evolve, and static pattern recognition alone is insufficient. The author demonstrates how trend models, reversal frameworks, and timing structures must be evaluated within broader economic context. Cyclical analysis, interest rate impact, and global asset correlations are incorporated into the decision-making process.
The book also discusses the importance of disciplined trade construction—defining entry zones, confirmation criteria, and risk thresholds before capital deployment. Emphasis is placed on probability alignment: when multiple analytical factors converge, conviction strengthens. This layered approach reduces reliance on any single indicator.
Rather than presenting mechanical strategies, New Thinking in Technical Analysis encourages professional-level analytical reasoning. It is designed for traders and investors who seek to understand how experienced market technicians synthesize diverse data inputs into coherent trading models.
✅ What You’ll Learn:
- How to build structured technical trading models
- How to integrate macroeconomic context with chart analysis
- How to apply cyclical and intermarket analysis
- How to evaluate momentum, trend, and sentiment collectively
- How institutional technicians approach probability alignment
- How to structure trades using layered confirmation
💡 Key Benefits:
- Elevates technical analysis beyond classical chart patterns
- Enhances macro-aware trading decisions
- Improves timing through multi-factor alignment
- Strengthens risk discipline in model-based trading
- Builds institutional-grade analytical perspective
👤 Who This Book Is For:
- Intermediate to advanced technical traders
- Macro-aware investors integrating charts with economics
- Professionals refining structured trading models
- Analysts seeking multi-factor confirmation techniques
- Not suitable for beginners seeking basic chart introductions
📚 Table of Contents:
- Swing Trading and Underlying Principles of Technical Analysis
- Forecasting Trends Using Intermarket Analysis
- Applying Moving Averages to Point and Figure Charts
- Spotting Early Reversal Signals Using Candle Charts
- Reading the Language of the Market with Market Profile
- Using Oscillators to Predict Trade Opportunities
- Using Cycles for Price Projections
- Trading with the Elliott Wave Theory
- Trading Volatility in the Options Market
- Enhancing Technical Analysis by Incorporating Sentiment
- Measuring Investor Sentiment in Individual Stocks
- Controlling Risk with Money Management Techniques
New Thinking in Technical Analysis: Trading Models from the Masters By Rick Bensignor


Luis Hammond (verified owner) –
Just the info on point and figure combined with moving averages is worth the cost of this book and that just one of the chapters.
Read it digest it use it
Malani Middleton (verified owner) –
If you are the acedemic type, who loves to read technical theories, this book would probably be five stars. If you are looking for something to help you with practical, day to day stock or option trading, I’d advise you to spend your money on any number of other more useful books on investing. For example, this book might give you a way to not only consider the closing price of a stock, but to determine how many shares sold at a particular price during each hours of the day so you get a ‘picture’ of the direction it is heading. However, to do that would take all day for just a few stocks, and then to do it every day . . . .? That would be fine to consider the trade volumes at various prices when deciding to buy or sell a stock, but what would be needed is a computer program to do it hopefully in real time – but it gives no such programs.
So, if you like to trade, get a more useful book; if you like ‘ivory towers’ where you can ponder any of a number of stocks too slowly to be able to trade, then get this book. Don’t get me wrong – it is good to know this stuff, if only for background information. But, without being able to get the information in real time, it won’t help with practical day to day trading.
Gunnar Horton (verified owner) –
This books is a sorta “who’s who” of major technical analysis techniques but there is hardly anything new. What’s the biggest problem with the book is that these are complicated techniques that fill volumes of books themselves so to combine them all in one book is neither useful or very productive.. except as a useless summary. Not all is bad though as the book is a good reminder for any TA leaning trader to revisit some techniques they haven’t used in some time. In summary, not a very valuable book.
Journey Pope (verified owner) –
This is an excellent book for both novices and experienced technical analysts and traders. The beginner will discover in a clear and concise way the main ramifications of this discipline, and choose the most appropriate instruments for his style and personality. The seasoned technician will fine tune his approach to the instruments presented in the book. The authors go straight to the point and offer an involving overview. I personally found of particular interest the two chapters dedicated to sentiment analysis, a topic often underestimated in TA books and articles, but one that can add a new dimension to one’s trading and investment style. A revised edition could go deeper into the issue of mechanical systems.
Cade Luna (verified owner) –
Good Book
Holland Cabrera (verified owner) –
In this compilation edited by Morgan Stanley Dean Witter technical strategist Rick Bensignor, a dozen financial experts discuss their individual approaches to technical analysis of the stock market. In the first chapter, equities, options and futures trader Linda Bradford Rasche explains swing trading and the underlying principles of technical analysis, thus providing an important primer for understanding the theories in the rest of the book. This is a complex read, since technical analysis involves using various mathematical systems to examine market trends and swings. Those who follow the market closely will find this engrossing, but amateurs could be daunted. We […] recommend the book to serious students of the markets – It’s not for the casual browser or those who are not mathematically inclined, but its targeted readers will be quite satisfied.
Holly Harrison (verified owner) –
I don’t know where you can get an explanation of Point & Figure charting (I’ve seen it but never could understand this thing), John Murphy’s succint, highly readable and technically important
Intermarket Analysis (which started a whole field) including the SECTOR rotation section missing from the longer work (and much more readable to boot)!!…, Linda Bradford Raschke’s take on the history of TA with a roundup the Great Thinkers, Bernie Schaeffer & Larry Williams ‘s Treatise on Sentiment, Steve Nison on Candlesticks, Elliott Wave counting, Peter Steidelmayer’s Market Analysis (an alphabet soup hand charting method that the Floridian is objecting to but many in the industry consider pivotal), the basic idea behind the mysterious Turtle Trading sysstem’s Money Management, and the Options wizard Larry McMillian reviewing how Volatility and Options interact at such a price. Perhaps the only thing missing is the Random Walkers;-) This book is a real joy to own with allot in there to make you stop and re-think.
You should get this book if you want to survey the field and then drill down from there. Raschke’s first at bat historial review with some of her own TA thrown in for good measure gets you going and the others make it hard to stop. I can honestly say outside of 1 typo/error, this book is flawlessly editted with lots of graphs. I was truly impressed & that’s after reading allot on this field. Yes not everything is interesting
(I care less about Sentiment) but now I know more about it and can understand why Schaeffer and Williams think its important. But that’s the beauty of this book, chockablock information about allot of topics in TA. A good starter, a better review.
Nicholas Norman (verified owner) –
Fear not have not simply stands for “fibbonacci,elliot,analysis retracement” which means nothing ventured nothing gained. I’ve been trading stocks and futures for a long time and this book is informative, insightful and practical. I’m pretty well versed at technical analysis and I think you will definitely find shooting stars other than in the sky. Well worth the price of a trade!
Cameron Ford (verified owner) –
This book is very average. Its maybe good for novice traders but a total waist for more experienced traders. This book should not be labeled as a technical analysis book because its just ain’t. If you decide to buy it, buy it used because its not worth the full price.
Misael Schroeder (verified owner) –
Superb book, great knowledge from the masters. Thank you for providing.