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Technical analysis : the complete resource for financial market technicians / Charles D. Kirkpatrick, Julie Dahlquist.
- Format:
- Book
- Author/Creator:
- Kirkpatrick, Charles D., II
- Language:
- English
- Subjects (All):
- Technical analysis (Investment analysis).
- Investment analysis.
- Physical Description:
- 1 online resource (xxvi, 671 p. ) ill. ;
- Edition:
- 2nd ed.
- Place of Publication:
- Upper Saddle River, N.J. : FT Press, c2011.
- Language Note:
- English
- System Details:
- text file
- Summary:
- Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition 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, this book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations, 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 affects, flow of funds, testing systems, risk mitigation strategies, and many other topics. This edition thoroughly covers the latest advances in pattern recognition, market analysis, and systems management. The authors introduce new confidence tests; cover increasingly popular methods such as Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; present innovations in exit stops, portfolio selection, and testing; and discuss the implications of behavioral bias for technical analysis. They also reassess old formulas and methods, such as intermarket relationships, identifying pitfalls that emerged during the recent market decline. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis.
- Contents:
- Cover
- Contents
- Acknowledgments
- About the Authors
- Part I: Introduction
- 1 INTRODUCTION TO TECHNICAL ANALYSIS
- 2 THE BASIC PRINCIPLE OF TECHNICAL ANALYSIS-THE TREND
- How Does the Technical Analyst Make Money?
- What Is a Trend?
- How Are Trends Identified?
- Trends Develop from Supply and Demand
- What Trends Are There?
- What Other Assumptions Do Technical Analysts Make?
- Conclusion
- Review Questions
- 3 HISTORY OF TECHNICAL ANALYSIS
- Early Financial Markets and Exchanges
- Modern Technical Analysis
- Current Advances in Technical Analysis
- 4 THE TECHNICAL ANALYSIS CONTROVERSY
- Do Markets Follow a RandomWalk?
- Can Past Patterns Be Used to Predict the Future?
- What About Market Efficiency?
- Behavioral Finance and Technical Analysis
- Pragmatic Criticisms of Technical Analysis
- What Is the Empirical Support for Technical Analysis?
- Part II: Markets and Market Indicators
- 5 AN OVERVIEW OF MARKETS
- In What Types of Markets Can Technical Analysis Be Used?
- Types of Contracts
- How Does a MarketWork?
- Who Are the Market Players?
- How Is the Market Measured?
- 6 DOW THEORY
- Dow Theory Theorems
- Criticisms of the Dow Theory
- 7 SENTIMENT
- What Is Sentiment?
- Market Players and Sentiment
- How Does Human Bias Affect Decision Making?
- Crowd Behavior and the Concept of Contrary Opinion
- How Is Sentiment of Uninformed Players Measured?
- How Is the Sentiment of Informed Players Measured?
- Sentiment in Other Markets
- Hulbert Gold Sentiment Index
- 8 MEASURING MARKET STRENGTH
- Market Breadth
- Up and Down Volume Indicators
- Net New Highs and Net New Lows
- Using Moving Averages
- Very Short-Term Indicators
- Review Questions.
- 9 TEMPORAL PATTERNS AND CYCLES
- Periods Longer than Four Years
- Periods of Four Years or Less
- January Signals
- Events
- 10 FLOW OF FUNDS
- Funds in the Marketplace
- Funds Outside the Security Market
- The Cost of Funds
- Fed Policy
- Part III: Trend Analysis
- 11 HISTORY AND CONSTRUCTION OF CHARTS
- History of Charting
- What Data Is Needed to Construct a Chart?
- What Types of Charts Do Analysts Use?
- What Type of Scale Should Be Used?
- Point-and-Figure Charts
- 12 TRENDS-THE BASICS
- Trend-The Key to Profits
- Trend Terminology
- Basis of Trend Analysis-Dow Theory
- How Does Investor Psychology Impact Trends?
- How Is the Trend Determined?
- Determining a Trading Range
- Directional Trends (Up and Down)
- Other Types of Trend Lines
- 13 BREAKOUTS, STOPS, AND RETRACEMENTS
- Breakouts
- Stops
- 14 MOVING AVERAGES
- What Is a Moving Average?
- How Is a Simple Moving Average Calculated?
- What Other Types of Moving Averages Are Used?
- Strategies for Using Moving Averages
- What Is Directional Movement?
- What Are Envelopes, Channels, and Bands?
- Part IV: Chart Pattern Analysis
- 15 BAR CHART PATTERNS
- What Is a Pattern?
- Do Patterns Exist?
- Computers and Pattern Recognition
- Market Structure and Pattern Recognition
- Bar Charts and Patterns
- How Profitable Are Patterns?
- Classic Bar Chart Patterns
- Patterns with Rounded Edges-Rounding and Head-and-Shoulders
- Long-Term Bar Chart Patterns with the Best Performance and the Lowest Risk of Failure
- 16 POINT-AND-FIGURE CHART PATTERNS
- What Is Different About a Point-and-Figure Chart?.
- History of Point-and-Figure Charting
- One-Box Reversal Point-and-Figure Charts
- Three-Point (or Box) Reversal Point-and-Figure Charts
- 17 SHORT-TERM PATTERNS
- Pattern Construction and Determination
- Traditional Short-Term Patterns
- Summary of Short-Term Patterns
- Candlestick Patterns
- PartV: Trend Confirmation
- 18 CONFIRMATION
- Analysis Methods
- Volume Confirmation
- Open Interest
- Price Confirmation
- PartVI: Other Technical Methods and Rules
- 19 CYCLES
- What Are Cycles?
- Translation
- How Can Cycles Be Found in Market Data?
- Projections
- 20 ELLIOTT, FIBONACCI, AND GANN
- ElliottWave Theory (EWT)
- The Fibonacci Sequence
- PartVII: Selection
- 21 SELECTION OF MARKETS AND ISSUES: TRADING AND INVESTING
- Which Issues Should I Select for Trading?
- Which Issues Should I Select for Investing?
- Top-Down Analysis
- Bottom Up-Specific Stock Selection and Relative Strength
- Examples of How Selected Professionals Screen for Favorable Stocks
- PartVIII: System Testing and Management
- 22 SYSTEM DESIGN AND TESTING
- Why Are Systems Necessary?
- How Do I Design a System?
- How Do I Test a System?
- Optimization
- 23 MONEY AND RISK MANAGEMENT
- Risk and Money Management
- Testing Money-Management Strategies
- Money-Management Risks
- Money-Management Risk Strategies
- Monitoring Systems and Portfolios
- If Everything Goes Wrong
- Part IX: Appendices
- A BASIC STATISTICS
- Returns
- Probability and Statistics
- Descriptive Statistics
- Inferential Statistics
- Modern Portfolio Theory
- Performance Measurement.
- Advanced Statistical Methods
- Artificial Intelligence
- B TYPES OF ORDERS AND OTHER TRADER TERMINOLOGY
- An Order Ticket
- BIBLIOGRAPHY
- INDEX.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Includes bibliographical references and index.
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 9786612819377
- 9781282819375
- 1282819372
- 9780132599603
- 0132599600
- OCLC:
- 1027151519
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