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Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points, 5th Edition

Book Description

The guide technicians turn to for answers--tuned up to provide an advantage in today's global economy

The face of investing has significantly changed in the 30 years since this book's first publication, but one essential component of the markets has not--human behavior. Whether you're trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today's complex markets by tailoring your application of this powerful tool.

Tens of thousands of individual and professional investors have used the guidance in this book to grow their wealth by understanding, interpreting, and forecasting significant moves in both individual stocks and entire markets. This new edition streamlines its time-honored, profit-driven approach, while updating every chapter with new examples, tables, charts, and comments that reflect the real-world situations you encounter in everyday trading. Required reading among many professionals, this authoritative resource now features:

  • Brand-new chapters that analyze and explain secular trends with unique technical indicators that measure investor confidence, as well as an introduction to Pring's new Special K indicator
  • Expanded coverage on the profit-making opportunities ETFs create in international markets, sectors, and commodities
  • Practical advice for avoiding false, contratrend signals that may arise in short-term time spans
  • Additional material on price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and global stock markets

Properly reading and balancing the variety of indicators used in technical analysis is an art, and no other book better illustrates the repeatable steps you need to take to master it.

When used with patience and discipline, Technical Analysis Explained, Fifth Edition, will make you a better decision maker and increase your chances of greater profits.

Table of Contents

  1. Cover
  2. Technical Analysis Explained
  3. Copyright Page
  4. Dedication
  6. Preface
  7. Part I: Trend-Determining Techniques
    1. 1. The Definition and Interaction of Trends
    2. 2. Financial Markets and the Business Cycle
    3. 3. Dow Theory
    4. 4. Typical Parameters for Intermediate Trends
    5. 5. How to Identify Support and Resistance Zones
    6. 6. Trendlines
    7. 7. Basic Characteristics of Volume
    8. 8. Classic Price Patterns
    9. 9. Smaller Price Patterns and Gaps
    10. 10. One- and Two-Bar Price Patterns
    11. 11. Moving Averages
    12. 12. Envelopes and Bollinger Bands
    13. 13. Momentum I: Basic Principles
    14. 14. Momentum II: Individual Indicators
    15. 15. Momentum III: Individual Indicators
    16. 16. Candlestick Charting
    17. 17. Point and Figure Charting
    18. 18. Miscellaneous Techniques for Determining Trends
    19. 19. The Concept of Relative Strength
    20. 20. Putting the Indicators Together: The DJ Transports 1990–2001
  8. Part II: Market Structure
    1. 21. Price: The Major Averages
    2. 22. Price: Sector Rotation
    3. 23. Time: Analyzing Secular Trends for Stocks, Bonds, and Commodities
    4. 24. Time: Cycles and Seasonal Patterns
    5. 25. Practical Identification of Cycles
    6. 26. Volume II: Volume Indicators
    7. 27. Market Breadth
  9. Part III: Other Aspects of Market Analysis
    1. 28. Indicators and Relationships That Measure Confidence
    2. 29. The Importance of Sentiment
    3. 30. Integrating Contrary Opinion and Technical Analysis
    4. 31. Why Interest Rates Affect the Stock Market
    5. 32. Using Technical Analysis to Select Individual Stocks
    6. 33. Technical Analysis of International Stock Markets
    7. 34. Automated Trading Systems
    8. 35. Checkpoints for Identifying Primary Stock Market Peaks and Troughs
  10. Epilogue
  11. Appendix: The Elliott Wave
  12. Glossary
  13. Bibliography
  14. Index