Technical Analysis Explained

Submitted by Book Library on 28 March, 2010 - 23:32

Recommended for professional certification by the Market Technician's Association, this is the Original - and Still Number One - Technical Analysis Answer Book. "Technical Analysis Explained, 4th Edition", is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.

Completely revised and updated for the technologies and trading styles of 21st century markets, it features: technical indicators to predict and profit from regularly occurring market turning points; psychological strategies for intuitively knowing where investors will seek profits and arriving there first!; and, methods to increase your forecasting accuracy, using today's most advanced trading techniques. Critical acclaim for previous editions include: "One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948...Belongs on the shelf of every serious trader and technical analyst.

"Futures" Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points is widely regarded as the standard work for this generation of chartists. "Forbes". Traders and investors are creatures of habit who react and often overreact - in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future.

Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs. Since its original publication in 1980, and through two updated editions, Martin Pring's "Technical Analysis Explained" has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks. Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies

This comprehensively revised fourth edition provides new chapters on: candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders; expanded material on momentum - including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic; expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow; relative strength, an increasingly important and until now underappreciated arm of technical analysis; application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing.

Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark "Technical Analysis Explained" provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.

Positive Review of Book

Great book. I got it thinking it'd relate mostly to candle charts. But it covers everything. The book is pretty confusing at first and takes awhile to get used to the author's writing style. He uses words that college business students should understand. It'll take you forever to read, if you want to learn what it has to offer, but it's well worth it. Just google the topics after reviewing to get a full understanding of what Pring offers. Well worth the $10 used price (got lucky!.

Negative Review of Book

One person mentioned typos. Another mentioned poor writing. Still another mentioned how Pring seems to give no clear stance ("the price will always move up if the chart looks like this picture, but it might move down" <--- read that 4-5 times a page and it gets ridiculous!). Now allow me to mention what you SHOULD buy instead of this book: an interactive CD that Amazon sells for almost half of what the producing-company sells for on their website and it is incredibly instructive: InTeLyze.

I am not associated with InTeLyze in any way and I was thoroughly impressed right after being severely disappointed that I wasted my money on Pring's book. I am very educated and have a finance background, but pretty new to TA... and I felt like a complete idiot reading Pring's book. It wasn't me... it was horribly poor teaching.

Author Biography

Martin J. Pring is the highly respected president of Pring Research, editor of the newsletter The Intermarket Review, and one of today's most influential thought leaders in the world of technical analysis. The author of McGraw-Hill's Martin Pring on Technical Analysis series, Pring has written more than a dozen trading books and has contributed to Barron's and other national publications. He was awarded the Jack Frost Memorial Award from the Canadian Technical Analysts Society.

Table of Contents

      Part 1. Trend-Determining Techniques
  1. Market Cycle Model
  2. Financial Markets and the Business Cycle
  3. Dow Theory
  4. Typical Parameters for Intermediate-Term Trends
  5. Price Patterns
  6. Flags, Pennants, Wedges, and Gaps
  7. Trendlines
  8. Moving Averages
  9. Momentum
  10. Momentum
  11. Point and Figure Charting
  12. Miscellaneous Techniques for Determining Trends
  13. Putting the Techniques Together' An Analysis of the Dow Jones Utility Average 1962-1969
    • Part 2. Market Structure
  14. Price The Major Averages
  15. Price Group Rotation
  16. Time Longer-Term Cycles
  17. Time Practical Identification of Cycles
  18. Volume
  19. Breadth
    • Part 3. Interest Rates and the Stock Market
  20. Why Interest Rates Affect the Stock Market
  21. Short-Term (Money-Market) Interest Rates
  22. Long-Term Interest Rates
    • Part 4. Other Aspects of Market Behavior
  23. Sentiment Indicators
  24. Speculative Activity in the Stock Market
  25. Automated Trading Systems
  26. Putting the Indicators Together
    • Part 5. Specific Financial Markets
  27. Technical Analysis of International Stock Markets
  28. Technical Analysis of Individual Stocks
  29. Technical Analysis of Gold
  30. Technical Analysis of Currencies
  31. Technical Analysis of Commodity Markets

Discover more Trading books at BookofTrading.com!

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!