In “Using Technical Analysis” author Clifford Pistolese shows average investors how they too can reap the benefits of technical analysis. Well-organized and easy-to-understand, this book explains a variety of approaches to analyzing and interpreting stock market charts.
This book is a guide for the analysis of stock market charts. It explains how to interpret stock price patterns and trends, trading volume, moving averages, accumulation, and distribution information. You’ll learn how to analyze these elements to determine what is happening to the price of a stock, and what might happen next.
It’s not possible for you to know everything that affects the financial fortunes of a company. However, all that is known about a company’s prospects is reflected in the transactions of all the interested parties who buy or sell the company’s stock. A summary of the trading activities of these buyers and sellers is published in the newspapers every day. A chart which presents a history of these trading actions reflects all information about the company. By learning to analyze such charts, you’ll have access to an excellent source of information for making your buy, hold, and sell decisions.
Chapter 1 outlines the importance of developing the ability to analyze stock charts. The analysis of stock price patterns and trends is explained in Chapters 2 through 8. Chapter 9 presents the concept of moving averages and explains their relationship to trendlines. Chapter 10 introduces the concepts of accumulation and distribution and indicates how these relate to stock price trends and patterns. Performing the simulation exercises in these chapters will help you improve your understanding of the concepts presented.
Chapter 11 provides a series of charts for you to interpret. These charts show price patterns, volume of trading, and moving averages. They also give information on accumulation and distribution. Using all the concepts learned in the preceding chapters, you can test your ability to interpret the meaning of each chart. The correct interpretations are presented so you can check the accuracy of your analyses.
- The Challenge of the Stock Market
- Reversal Formations at Tops
- Reversal Formations at Bottoms
- Continuation and Reversal Formations
- Analyzing Volume
- Making Investment Decisions
- Moving Averages
- Accumulation and Distribution
- Interpreting Technical Indicators
Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques By Clifford Pistolese pdf