Technical Analysis: The Complete Resource for Financial Market Technicians

Already the field’s most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians,  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, this book systematically explains the theory of technical analysis, presenting academic evidence both for and against it.

Introduction:

The focus of this book is to explain the basic principles and techniques for reacting to the market. We do not attempt to predict the market, nor do we provide you with the Holy Grail or a promise of a method that will make you millions overnight. Instead, we want to provide you with background, basic tools, and techniques that you will need to be a competent technical analyst.

As we will see when we study the history of technical analysis, the interest in technical analysis in the United States dates back over 150 years, when Charles H. Dow began to write newsletters that later turned into the Wall Street Journal and developed the various Dow averages to measure the stock market. Since that time, much has been written about technical analysis.

Today, there are entire periodicals, such as the Technical Analysis of Stock and Commodities and the Journal of Technical Analysis, devoted to the study of the subject. In addition, there are many articles appearing in other publications, including academic journals. There are even a number of excellent books on the market. As you can see from this book’s extensive bibliography, which is in no way a complete list of every published item on technical analysis, a massive quantity of material about technical analysis exists.

So, why does the world need another book on technical analysis? We began looking through the multitude of materials on technical analysis a few years ago, searching for resources to use in educational settings. We noticed that many specialized books existed on the topic, but there was no resource to provide the student of technical analysis with a comprehensive summa-tion of the body of knowledge. We decided to provide a coherent, logical framework for this material that could be used as a textbook and a reference book.

Our intent in writing this book is to provide the student of technical analysis, whether a novice college student or an experienced practitioner, with a systematic study of the field of tech-nical analysis. Over the past century, much has been written about the topic. The classic works of Charles Dow and the timeless book by Edwards and Magee still contain valuable information for the student of technical analysis. The basic principles of these early authors are still valid today. However, the evolving financial marketplace and the availability of computer power have led to a substantial growth in the new tools and information available to the technical analyst.

Contents:

• Introduction
• Markets and Market Indicators
• Trend Analysis
• Chart Pattern Analysis
• Trend Confirmation
• Other Technical Methods and Rules
• Selection
• System Testing and Management
• Appendices

Technical Analysis: The Complete Resource for Financial Market Technicians By Charles D. Kirkpatrick, Julie R. Dahlquist pdf