Predict Market Swings With Technical Analysis
$9.61
Predict Market Swings With Technical Analysis provides an understandable way to make sense of the unpredictable stock market, taking into account more complex theories, including chaos and contrarian approaches. Along with his expert advice, McDonald presents four investing paradoxes that will help investors make smarter decisions now and predict where the market is heading, using his proven theories.
Introduction:
Technical analysis often incites a certain type of criticism. The criticism is usually based on the idea that stock prices must reflect some real economic value, and since technical analysis measures data that are not economic, it can’t be measuring the really important information. For example, how can a shrinking number of stocks making new highs signal an imminent market decline? What does that have to do with earnings or the economic picture? Don’t markets advance or decline for economic reasons?
The reason will have to be financial in nature. You will see in Chapter 3 that two numbers go into the equations to determine stock prices: dividends (earnings) and interest rates. The equations are in the form of fractions. The long trading range in the 1970s was created by the opposing action of two powerful forces: Ever-increasing earnings (primarily due to inflation) were being neutralized in the fractions by higher interest rates. In a fraction, if you double both the numerator and denominator, you end up with the same result. These two forces were almost perfectly in balance during the 1970s, resulting in the long trading range of the 1970s.
Contents:
- TRADING PRICE SWINGS
- A NEW STOCK MARKET MODEL
- FAIR VALUE: THE THEORY OF STACKING THE MONEY
- TECHNICAL ANALYSIS AND UNSTABLE MARKETS
- OF BABES, O’BUCS, AND CONTRARY OPINION
- PRICE PATTERNS, FRACTALS, AND MR. ELLIOTT
- TRADING RANGE MARKETS
- TRADING RANGE INVESTMENT STRATEGIES
Predict Market Swings With Technical Analysis By Michael McDonald pdf
| Author(s) | |
|---|---|
| Pages | 216 |
| Format | |
| Publication Year | 2002 |
5 reviews for Predict Market Swings With Technical Analysis
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Bowen Calhoun (verified owner) –
This book by Michael McDonald is an excellent one for obtaining an insight into the workings of the sometimes confusing stock market. His method of presentation makes it understandable, especially for the average non professional investor like myself.
How many people who invest in bonds really know how they are priced, or what fair value of stocks is, or how lump sum pensions are calculated? This information alone, based on stacking the money theory, is worth the price of the book.
His analysis of market timing versus buy and hold is a must read, plus learning about the Elliot wave theory and how to use it, along with contrary opinion, and if the market is in a trading range, gives you valuable tools to use in guiding your investment decisions.
Anyone new to the market, as well as serious investors who have been in the market for sometime, should have this book in their library to take advantage of McDonald’s expertise and experience.
Blaise Yoder (verified owner) –
Very seldom do you find a technical book that is interesting to read. I found this book to be not only understandable to people of the profession but also to people who know very little about investing and the way the market works. The author achieved this through an ease of writing with explanations understandable to everyone and actually fun to read. I highly recommend this to anyone interested in learning more about market.
Winnie McCarty (verified owner) –
This is one of the worst trading/investment book I had read for long. The book title is completely misleading. I guess that the author, in 2002, had predicted a range trading market in coming years and so he wrote a book to backup and document his hypothesis to sell to his brokerage customers. I dont mind whether he made it right or wrong. However, I am very disappointed of how messy and disorganised his book is, that I really cant understand how he reached his conclusions with very brief coverage on Chaos Theory, Elliot Waves, Contrarian Indicators…..In short, I strongly recommend you to give it a pass not because of the outdated investment advice but the absence of applicable learnings.
Emerie Fuentes (verified owner) –
I read it in December 2012, so it is dated, but the information provided is timeless. I really enjoyed this book and put it on my bookshelf for future refrence. Highly recommend.
Jovanni Bullock (verified owner) –
Advanced techniques for predicting the market. They seem to make sense. I think they would work, but haven’t actually tested them.