Technical Analysis from A to Z, 2nd Edition (Hardcover)

by Steven Achelis (Author) "Should I buy today?..." (more)
Key Phrases: companion spreadsheet, market momentum indicator, total short sales, Example Figure, Linear Regression Trendline, Standard Error (more...)

Editorial Reviews

Product Description
Millions of traders participating in today's financial markets have shot interest and involvement in technical analysis to an all-time high. This updated edition of Technical Analysis from A to Z combines a detailed explanation of what technical analysis is and how it works with overviews, interpretations, calculations, and examples of over 135 technical indicators--and how they perform under actual market conditions. Enhanced with more details to make it easier to use and understand, this book reflects the latest research findings and advances. A complete summary of major indicators that can be used in any market, it covers:
• Every trading tool from the Absolute Breadth Index to the Zig Zag
• Indicators include Arms Index, Dow Theory, and Elliott Wave Theory
• Over 35 new indicators

From the Back Cover
Updated and Revised--With Over 35 Brand New Indicators!

A Comprehensive Catalog of Today's Major Technical Analysis Indicators--Indispensable for Trading in Stocks, Bonds, Futures, and Options!

"There is an urgent need for a concise reference on such a vast array of technical tools. Achelis' new edition fulfills that need and should provide an invaluable guide to newcomers and veterans alike."---John J. Murphy President, MurphyMorris.com Author, Technical Analysis of the Financial Markets and Intermarket Technical Analysis

"Steve Achelis has done it again. The first edition was a wonderfully comprehensive encyclopedia of market indicators. The second edition is even better."---Martin Pring President, International Institute of Economic Research Author, Technical Analysis Explained and Martin Pring's Introduction to Technical Analysis

"Often technical analysis, because of its depth and complexity, can seem like magic. Steve Achelis's Technical Analysis from A to Z helps the reader transition from the realm of magic to the land of understanding. This revision of his classic reference on technical techniques and indicators is a must for any technical analysis library." ---John Bollinger, CFA, MFT Bollinger Capital Management

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Product Details

• Hardcover: 380 pages
• Publisher: McGraw-Hill; 2 edition (October 2, 2000)
• Language: English
• ISBN-10: 0071363483
• ISBN-13: 978-0071363488
• Product Dimensions: 9.4 x 7.5 x 1.4 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (40 customer reviews)
• Amazon.com Sales Rank: #43,969 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

75 of 75 people found the following review helpful:

5.0 out of 5 stars Great reference to the numerous technical indicators, December 28, 1999

By	"sirjinx" (Los Angeles, CA) - See all my reviews

This review is from: Technical Analysis from A to Z: Covers Every Trading Tool...from the Absolute Breadth Index to the Zig Zag (Hardcover)

This book was a great reference of the numerous technical indicators in use today. It gives brief examples of how use these various indicators. This book was not meant to give a comprehensive explanation of the "why's" of technical analysis. It already assumes that the reader already has an understanding of technical analysis. Readers who are just starting out in technical analysis should read books like "Technical Analysis Explained" by Martin Pring, or "Technical Analysis of the financial markets" by John Murphy. Both of these are textbook-style so give yourself at least a month to absorb all the material. Overall, Tech from AtoZ is a great reference tool.

30 of 31 people found the following review helpful:

5.0 out of 5 stars The Quintessential Reference Book, January 17, 2004

By	Thomas Mongle (Houston) - See all my reviews (REAL NAME)

Ever wonder what all those proper names and strange looking acronyms mean when you look at the choices of technical indicators available on most web sites today?
Steven B. Achelis, founder of EQUIS and creator of MetaStock has compiled the quintessential reference book for technical analysis covering practically every indicator known to mankind. But if there is one thing to imprint onto your brain from this book, it is contained in pages covering the subject "Support and Resistance." In all my years of floor trading, I have never seen anything more valid in price trend analysis than this horizontal (support) line connecting previous tops which once surmounted becomes the floor for the next move up. Achelis calls the pullback after breakout "trader's remorse" and it is the ideal place to buy into a strong stock in a strong industry. His several graphs depicting this pattern couldn't be more precise. The pictures are worth a thousand words. Armed with only this bit of technical knowledge, an investor would improve the odds of profitability many times over by merely subjecting every potential purchase to this test pattern. I take it that because Achelis spent about 5 times as much material on this one concept as he did the other indicators, he agrees that this is truly one of the most important theories in technical analysis.
The rest of the book is devoted to short descriptions of what various indicators mean, how they area calculated, and how they are used. This is especially useful when subscribing to any of the numerous web sites that now carry dozens of indicators. Keep the book close to the computer to have it as a ready reference. I doubt if you will find more detailed information in any other source.

28 of 29 people found the following review helpful:

3.0 out of 5 stars Good overview of indicators, but only a few explanations, March 25, 1999

By A Customer

This review is from: Technical Analysis from A to Z: Covers Every Trading Tool...from the Absolute Breadth Index to the Zig Zag (Hardcover)

This book is really great if you are looking for a glossary or a dictionary of the various technical analysis indicators. However, if you are looking for a book to learn more about those indicators (underlying logic, mathematical explanations, optimization, indicators combinations ...) you may be disappointed.