Technical Analysis The Complete Resource for Financial Market Technicians

Master technical analysis, step-by-step! Already the field's most comprehensive, reliable, and objective introduction, this guidebook 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, Technical Analysis, Third Edition systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations and examples, the authors explain the analysis of both markets and individual issues, and present complete investment systems and portfolio management plans. They present authoritative, up-to-date coverage of tested sentiment, momentum indicators, seasonal effects, flow of funds, testing systems, risk mitigation strategies, and many other topics.

Offering 30% new coverage, Technical Analysis, Third Edition thoroughly addresses recent advances in pattern recognition, market analysis, systems management, and confidence testing; Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; innovations in exit stops, portfolio selection, and testing; implications of behavioral bias, and the recent performance of old formulas and methods. For traders, researchers, and serious investors alike, this is the definitive guide to profiting from technical analysis.

CHARLES D. KIRKPATRICK II (Kittery, NE), President of Kirkpatrick and Company, advises leading investing institutions on equities, bonds, currencies, commodities, and the economy. He has appeared on CNBC and Wall Street Week, and been quoted in Barrons, Money, and BusinessWeek. Twice winner of the Market Technicians Association's prestigious Charles H. Dow Award, he is now Director and VP of the Market Technicians Association Educational Foundation, dedicated to encouraging and providing technical analysis education at the college and university level. He is Adjunct Professor of Finance at the Brandeis University International School of Business, past editor of the Journal of Technical Analysis, and author of several books, including Beat the Market. Educated at Phillips Exeter Academy, Harvard College (A.B.) and the Wharton School of the University of Pennsylvania (M.B.A.), he was also a decorated combat officer with the 1st Cavalry Division in Vietnam.

JULIE DAHLQUIST, PH.D., CMT (San Antonio, TX) is Senior Lecturer, Department of Finance, at University of Texas at San Antonio’s College of Business, and winner of the 2011 Charles H. Dow Award for excellence and creativity in technical analysis. Dr. Dahlquist is co-author (with Richard Bauer) of Technical Analysis of Gaps: Identifying Profitable Gaps for Trading and Technical Market Indicators: Analysis and Performance. Her research has appeared in the Financial Analysts Journal, Journal of Technical Analysis, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, Active Trader, and in the Journal of Financial Education. She serves as Editor of The Journal of Technical Analysis and is on the Board of the Market Technicians Association Educational Foundation.

Part I. Introduction

1. Introduction to Technical Analysis

2. The Basic Principle of Technical Analysis--The Trend

3. History of Technical Analysis

4. The Technical Analysis Controversy

Part II. Markets and Market Indicators

5. An Overview of Markets

6. Dow Theory

7. Sentiment

8. Measuring Market Strength

9. Temporal Patterns and Cycles

10. Flow of Funds

Part III. Trend Analysis

11. History and Construction of Charts

12. Trends--The Basics

13. Breakouts, Stops, and Retracements

14. Moving Averages

Part IV. Chart Pattern Analysis

15. Bar Chart Patterns

16. Point-and-Figure Chart Patterns

17. Short-Term Patterns

Part V. Trend Confirmation

18. Confirmation

Part VI. Other Technical Methods and Rules

19. Cycles

20. Elliott, Fibonacci, and Gann

Part VII. Selection

21. Selection of Markets and Issues: Trading and Investing

Part VIII. System Testing and Management

22. System Design and Testing

23. Money and Risk Management

Part IX. Appendices

A. Basic Statistics

B. Types of Orders and Other Trader Terminology

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