The New Science of Technical Analysis
$26.06
The New Science of Technical Analysis is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics. DeMark’s work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark’s emphasis on the ‘new science’ of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn’t have come at a better time.
Author’s Note:
I recommend that, as you read this book, you concentrate on and introduce into your trading regimen only those elements with which you feel comfortable and which are compatible with your trading style. Most of the techniques and ideas presented in the following chapters reinforce one another, but they are so dissimilar that you may elect to study and perfect only a few at a time. Keep in mind that these ideas evolved over a period of more than 23 years spent in market research, as both a vocation and an avocation.
Consequently, mastery of these topics should not be expected immediately; they will require your undivided attention and total concentration. I suggest that you maintain a reasonable pace studying the numerous techniques and concepts presented and that you not be discouraged by an inability to totally grasp all the details and nuances of the subject matter immediately. The format in which the various topics are presented allows for both intensive and comprehensive study. At the same time, because of the diverse nature of the chapters, you are afforded the opportunity to concentrate only on areas that are of specific interest, without the necessity of referring to and understanding other unrelated information.
Most of the ideas and concepts presented throughout this book are unconventional, unorthodox, and foreign to what most traders have learned and practiced in the past. They are original, fresh, and they cover many areas of the discipline of market timing analysis. In some circles, I expect, I will be characterized as a trading iconoclast who is shattering many time-worn practices and norms. My only wish is that readers accept these novel approaches in the context in which they are both intended and presented. They are new and exciting investment timing tools designed to supplement, to upgrade, and to complement the current group of trading methods. For beginning traders, the book will provide a solid and valid foundation on which to develop a trading research background.
The techniques described in this book have been prepared and designed for a trading audience. My experience confirms that most of the concepts discussed have universal application with equal success to other fields wherein any series of data or graphic presentations are readily available and studied. I believe that almost any discipline that can be quantified and that lends itself to trend analysis is a potential candidate for this type of research discussion and application. Specifically, I have calculated retracements, projections, and objectives for data in diverse areas ranging from interest rates and other economic statistics to forecasts of the migration trends of birds. I encourage you to examine thoroughly and critically my trading techniques and, should you desire, to experiment with and explore the possibilities of their application to other fields. At the same time, I challenge you to make enhancements to my research. My biggest complaint has always been that most traders are like the split ends on football teams rather than the quarterbacks: they are capable only of receiving information, not of supplying it.
I have witnessed the evolution of market timing research from a simple Bowmar calculator to the current preoccupation with such exotic, high-technology analyses as artificial intelligence, chaos theory, optimization models, neural networks, and so on. The onslaught of this advanced mathematical theory and of elaborate computer capabilities has fostered a disinterest in uncomplicated, basic, “blue-collar” market timing techniques and devices. However, even as these sophisticated approaches have instilled a false sense of trading security, they have failed to reward their advocates with markedly improved performance results. Consequently, I predict a return to the simple, pure analytical approaches and hope that this book and the trading suggestions contained in it serve as a catalyst to expedite this revival.
Contents:
- Trendlines
- Retracements
- Overbought/Oversold
- Wave Analysis
- Accumulation/Distribution
- Moving Averages
- Sequential™
- Gaps
- Daily Range Projections
- Rate of Change
- Equities
- Options
- “Waldo” Patterns
The New Science of Technical Analysis By Thomas R. DeMark pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 260 |
| Publication Year | 1994 |
14 reviews for The New Science of Technical Analysis
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Jeremiah Person (verified owner) –
Prior to xmas and on my birthday I received an ebook (pdf) of DeMark’s ‘New Science of Technical Analysis’. I have been a professional trader for over 20 years and currently head up the trading operation at one of the major Wall Street firms. I thought I knew how market operateed and I shared my expereince on TV, radio, and in newspapers for years. Upon reading this book and as well ass the other two in the DeMark set, I have gained a profound new awareness how markets truly behave. The author is beyoind peer in defining and describing the intricacies of price behavior. What an enlightening series of reads.
Dylan Cervantes (verified owner) –
I heard the author speak a few years ago and was bowled over by all the information he covered. I concluded he was either a phenomenal salesman or he was truly an exceptional student of the market. i bought this book as well as one of his other two(?). I knew that if i truly wanted to digest what he presented I had to be committed to studying his techniques. Frustration reigned and interruptions only served to hamper my understanding. Fianlly, after losing countless dollars on sham techniques I learned at seminars and reading books by others I was determined to give the author a serious try. I have never regretted this decision. While nothing is perfect in the investment business I can certainly represent that the author’s ideas are fresh, innovative, original and and have enhanced by trading performance markedly. Sure I still have losers and nothing is infallible but his techniques are the closest I have come to providing me with the knowledge and game plan to be a successful trader. Yes, I am making money, lots of it. No, I am not going to share what of his many tools have I found to be the most helpful. That is your job and if for no other reason, it is because some of the methods I may have found to be not to my liking may very well be suited to you and trading psyche. In any case, welcome to the world of a one of a kind trading mind. The author is special and so are his indicators.
Blake Duffy (verified owner) –
TD suppy and demand lines. If I only knew before the rules for trendlines I would have save a lot of time and wasted effort. I can’t comment on this book past chapter #1 as I’ve not gone any further. However, this book is worth the purchase many times over just for the proper explaination of trendlines. As this book was recommended to me for the first 2 chapters, I will also recomend it if only for the first. Before I could look at the same chart of a currency pair and “see” different trend lines. Oh, I think that is one. But now I will look at the same chart and see the same trendlines every time. This goes a long way to making trading a repeatable, measurable proccess… essential to success.
Ian Shannon (verified owner) –
good book if you have mastered the basics, if not then good luck my friend cause there is no methods that can really stand alone in this book. But this book will really help you if you have a good method but just want something to confirm buy signals . but i guess if you combine 2-3 methods in this book you might just be able to make it into a profitable method.
Kamari West (verified owner) –
If you want to learn Tom Demark school of technical analysis, this book should be the first step. Learn what’s in this book before moving onto other books of Demark. This book will show you that there are indeed different way to look at the market technically. And most importantly, have an open mind. If you earnestly spend some quality time with this book, you will come out with some valuable insights.
Ariel Elliott (verified owner) –
Many talk about mr. DeMark. I’d found soo many versions of his work that I could not make up anymore what is actually original. Thats why I bought his book. Compared to other books, some simpler explanation is done (but not too simple), which means a little more paper to explain the issues, which I like very much. This brings me into the power to skip the things I already understand and continue on my own level. The material is basic and at the same time advanced. Even for non mathematic fellow traders this book is very well readable. I thank mr DeMark for sharing his knowledge.
Laylah Floyd (verified owner) –
This book is written in a difficult way to understand. I have read over a 100 books on the market and this one doesn’t explain how he arrives at conclusions.
Remi Nguyen (verified owner) –
I found it very interesting. The way that Mr. Demark is very different of everything that I read. I recommend this book
Esmeralda Stafford (verified owner) –
For those who are new to trend-lines, or are having difficulty in drawing trend-lines in your trading, then consider Tom DeMark’s take on trend-line drawing. Tom lays out simple to follow rules for drawing trend-lines, and also categorizes trend-lines based on their importance. You probably will not need all of the information in the book. But since trading has no real rules, take what you find is useful and file away the rest.
This is not a massive volume, easy to follow, with plenty of photos to follow allowing with.
Gabriel Berger (verified owner) –
Excellent
Harlee Vo (verified owner) –
If you want to learn technical analysis, this is a great place to start. It covers analysis of charted assets in a level of precise detail that other sources I’ve seen do not. Many of the tools in this book were developed by Tom DeMark himself, and are time tested on Wall St. over decades, so they are reliable methods.
Addisyn Chavez (verified owner) –
still on the fence
Alfredo Hawkins (verified owner) –
Difficult to understand and follow.
Gordon Huynh (verified owner) –
Great price