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Recommended for professional certification by the Market Technician's Association
The Originaland Still Number OneTechnical 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:
Critical Acclaim for Previous Editions:
"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 [is] widely regarded as the standard work for this generation of chartists."
Forbes
Traders and investors are creatures of habit who reactand often overreactin 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:
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.
Martin J. Pring is the highly respected president of Pring Research (www.pring.com), 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.
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Most Helpful Customer Reviews
113 of 117 people found the following review helpful:
3.0 out of 5 stars
There is wisdom in there, if you can find it,
By
This review is from: Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points (Hardcover)
This text is well known and required by the MTA for its CMT program. Its author is well studied and an expert at technical analysis and has a good historical approach. HOWEVER, his writing style is horrid. I am a fully licensed securities professional and have done technical analysis for a considerable amount of time. Even when I know what he is trying to say I personally find it almost impossible to understand some of his paragraphs. Throw in some typographical errors and some paragraphs are too obtuse to bother trying to decipher. Further, the charts in this book are not the best. They are all so compressed his examples are difficult to find and seldom marked. Its hard to find the early part of a year when the whole year is about an tenth of an inch. Buy this book if you have to or if you can read his style easily that you see in the sample provided. If not there are equally good books on the same subject out there.
73 of 75 people found the following review helpful:
4.0 out of 5 stars
Good reference; poorly edited,
By
This review is from: Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points (Hardcover)
Though the book is detailed and fairly comprehensive, the poor editing mars the quality of the book. Even the acknowledgement page contains 4 typos. That is a certain embarrassment. It is difficult to overcome the initial impression of sloppy editing and the book seems to have been rushed to meet some deadlines.
If you can get past the editorial issues, the book is a good collection of almost any interesting technical indicator that is available. While this book cannot be a substitute for the classic book by Murphy on technical investing, it is still a good resource for any investor. Of specific interest to the reader who is already aware of the technical investing (and a Murphy fan), the sections on "psychological strategies" is an interesting read. Other than that the book presents information from a huge variety of sources that has anything to do with indicators and oscillators. If you want to invest in only 1 book on technical investing, the book by Murphy is a better bet, with its better organization, editing and use of examples. This book, however, is a welcome addition, and not necessarily a must-have.
69 of 73 people found the following review helpful:
3.0 out of 5 stars
Comprehensive - but oh, the typos!,
By Dilmun (Montclair, NJ United States) - See all my reviews
This review is from: Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points (Hardcover)
This book has become one of the classics for the beginning technical analyst, and is one of the two texts set for the first level of the Chartered Technical Analyst exam. I'm working my way through it, but I've found myself as frustrated as informed. Certainly you will find some information about almost every technical indicator that you will hear about in the press or on the web, but the attempt to be comprehensive means that the treatment of many issues is cursory at best. Worst of all, though, is the almost total absence of editing in the first half of the book. Some random examples - the RSI formula is misstated, the text refer to charts that don't exist, charts are mislabelled (e.g a Microsoft chart labelled as WalMart). One important table has the column headings offset by one column. The accompanying workbook suffers from the same problem (e.g reversing answers to multiple choice questions). And to add insult to injury, the book is falling apart! Martin Pring's contributions to technical analysis is unquestioned - unfortunately the poor editing and presentation of this expensive book does poor service to his reputation.
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