New Thinking in Technical Analysis: Trading Models from the Masters [Hardcover]

Rick Bensignor (Editor)

Book Description

Series: Bloomberg Financial | Publication Date: November 2000

Sometimes even the most thorough homework on fundamentals fails to pinpoint the best time to buy a stock or take profits. Technical analysis helps market players predict the price behavior of a stock, commodity, or any financial instrument, giving clues about the course a trade may take in the coming weeks and months. When market timing is of the essence in making logical, informed decisions about a trade's future, technical analysis is the tool.

In New Thinking in Technical Analysis: Trading Models from the Masters, a dozen top authorities reveal their techniques and strategies for successful trading. This book offers market participants a treasury of tools to improve their investment performance, each from a unique and time-tested perspective. Readers will find immense value in the straightforward, user-friendly, application-rich presentation of market dynamics forecasting in this invaluable guide. Enhanced with over 170 charts and illustrations, New Thinking will become the primary companion of every trader seeking to gain a competitive edge.

Editorial Reviews

Review

A must for all investors and traders who are interested in a technical approach to the market. -- Alfred H. Kingon, Former Assistant Secretary of the Treasury

An excellent mix of classic and new concepts in technical analysis. -- Gail M. Dudack, CMT, Managing Director and Chief Equity Strategist, UBS Warburg

Their methods and vast experience will open your mind to new opportunities. -- Edward J. Solari, Vice President and Senior Foreign Exchange Advisor, BMO Nesbitt Burns

Review

"Precise strategy platforms for today's traders"
—Louise Yamada
Managing Director and Head of Technical Research, Salomon Smith Barney

"An excellent mix of classic and new concepts in technical analysis. Investors, as well as short-term traders, will find interesting and useful material in this book."
—Gail M. Dudack, CMT
Managing Director and Chief Equity Strategist, UBS Warburg

"A must-read for traders and investors"
—James A. Bianco
President, Bianco Research LLC

"Rick has gathered together twelve of the top individuals in the field of technical analysis. Their methods and vast experience will open your mind to new opportunities."
—Edward J. Solari
Vice President and Senior Foreign Exchange Advisor, BMO Nesbitt Burns

See all Editorial Reviews

Product Details

• Hardcover: 304 pages
• Publisher: Bloomberg Press; 1 edition (November 2000)
• Language: English
• ISBN-10: 1576600491
• ISBN-13: 978-1576600498
• Product Dimensions: 7.8 x 0.9 x 9.6 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #219,302 in Books (See Top 100 in Books)

More About the Author

Steven Poser is a renowned Elliott Wave expert. Mr. Poser, in addition to writing "Applying Elliott Wave Theory Profitably", authored a chapter on Elliott Wave in "New Thinking in Technical Analysis". He was a top finisher in the Bridge (Knight Ridder) News trading game and was a top ranked technical analyst covering fixed income, foreign exchange, equity and commodity markets during his time at Deutsche Bank. He famously called the bottom in the Japanese stock market to the day (and was quoted in Barrons Online that day). He also forecast the the 2000 peak in the S&P 500 within 2-3 points in "New Thinking in Technical Analysis".

Mr. Poser still teaches technical analysis, while working as Managing Director, Strategic Analysis at the New York Stock Exchange.

Customer Reviews

Most Helpful Customer Reviews

30 of 30 people found the following review helpful:

5.0 out of 5 stars Highly Recommended!, October 26, 2001

By 

Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
(HALL OF FAME REVIEWER)    (TOP 500 REVIEWER)    (REAL NAME)   

This review is from: New Thinking in Technical Analysis: Trading Models from the Masters (Hardcover)

In this compilation edited by Morgan Stanley Dean Witter technical strategist Rick Bensignor, a dozen financial experts discuss their individual approaches to technical analysis of the stock market. In the first chapter, equities, options and futures trader Linda Bradford Rasche explains swing trading and the underlying principles of technical analysis, thus providing an important primer for understanding the theories in the rest of the book. This is a complex read, since technical analysis involves using various mathematical systems to examine market trends and swings. Those who follow the market closely will find this engrossing, but amateurs could be daunted. We [...] recommend the book to serious students of the markets - It's not for the casual browser or those who are not mathematically inclined, but its targeted readers will be quite satisfied.

17 of 19 people found the following review helpful:

5.0 out of 5 stars The value leader, December 4, 2002

By 

Georgina "tville" (san francisco, ca) - See all my reviews

This review is from: New Thinking in Technical Analysis: Trading Models from the Masters (Hardcover)

I don't know where you can get an explanation of Point & Figure charting (I've seen it but never could understand this thing), John Murphy's succint, highly readable and technically important
Intermarket Analysis (which started a whole field) including the SECTOR rotation section missing from the longer work (and much more readable to boot)!!..., Linda Bradford Raschke's take on the history of TA with a roundup the Great Thinkers, Bernie Schaeffer & Larry Williams 's Treatise on Sentiment, Steve Nison on Candlesticks, Elliott Wave counting, Peter Steidelmayer's Market Analysis (an alphabet soup hand charting method that the Floridian is objecting to but many in the industry consider pivotal), the basic idea behind the mysterious Turtle Trading sysstem's Money Management, and the Options wizard Larry McMillian reviewing how Volatility and Options interact at such a price. Perhaps the only thing missing is the Random Walkers;-) This book is a real joy to own with allot in there to make you stop and re-think.

You should get this book if you want to survey the field and then drill down from there. Raschke's first at bat historial review with some of her own TA thrown in for good measure gets you going and the others make it hard to stop. I can honestly say outside of 1 typo/error, this book is flawlessly editted with lots of graphs. I was truly impressed & that's after reading allot on this field. Yes not everything is interesting
(I care less about Sentiment) but now I know more about it and can understand why Schaeffer and Williams think its important. But that's the beauty of this book, chockablock information about allot of topics in TA. A good starter, a better review.

15 of 19 people found the following review helpful:

4.0 out of 5 stars FEAR NOT HAVE NOT, December 31, 2000

By 

joseph w. metzger (st.louis MO) - See all my reviews

This review is from: New Thinking in Technical Analysis: Trading Models from the Masters (Hardcover)

Fear not have not simply stands for "fibbonacci,elliot,analysis retracement" which means nothing ventured nothing gained. I've been trading stocks and futures for a long time and this book is informative, insightful and practical. I'm pretty well versed at technical analysis and I think you will definitely find shooting stars other than in the sky. Well worth the price of a trade!

Joe Metzger