Technical Analysis, 2nd Edition

01/17/2011 · No Responses

Technical Analysis is the primary book on the subject suitable for full-length courses taken to achieve the Chartered Market Technician (CMT) designation and series 86 exam exemption.

Already the field’s most comprehensive and reliable guidebook, Technical Analysis, Second Edition, has been fully updated to reflect the latest advances. Selected by the Market Technicians Association as the principal textbook for its prestigious Chartered Market Technician (CMT) program, this book systematically and objectively introduces the entire discipline.

Using hundreds of updated illustrations, the authors show how to analyze both markets and individual issues and present complete investment systems and portfolio plans. Readers learn how to use tested sentiment, momentum indicators, seasonal effects, flow of funds, and many other key techniques. Drawing on current research, the authors reveal which chart patterns and indicators remain the most reliable, demonstrate how to test systems, and show how to use technical analysis to mitigate risk.

This edition covers recent advances in pattern recognition, market analysis, systems management, and other areas. It introduces new confidence tests; innovations in exit stops, portfolio selection, and testing; and the implications of behavioral bias for technical analysis. The authors also reassess classic methods such as intermarket relationships and measurements of market strength, identifying pitfalls that have emerged in recent years.

A coherent, updated treatment of the entire field
Current principles, tools, techniques, and applications for both practitioners and students
Does technical analysis really work?
The history of technical analysis and the latest assessments of its value
Identify specific investment opportunities and emerging trends
Uncover promising securities, markets, shifts, and breakouts–and test your insights
Take advantage of the latest techniques and research
Apply recent innovations, as well as new insights into classic methods