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Charting and Technical Analysis Paperback – April 6, 2012
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From the Author
Realizing some of those investors would wait years to see net profit, or may never break-even, I became determined to provide individual investors with the tools and information necessary to make their own investment decisions. This book will hopefully enable every investor to make wise decisions and avoid the pitfalls of the treacherous investing world.
I firmly believe the individual investor should never risk money without first understanding technical analysis and also reading my book, 'Common Sense Investing.'
From the Inside Flap
Yes, that is a bold statement.
The primary objective in this book is to prepare you to take charge of your investment decisions by learning charting and technical analysis in detail. You will no longer be sold an investment at the wrong time, during adverse market conditions, or when the market is topping out and ready to decline. You will only put your money at risk when the odds of a great return are in your favor.
"The cornerstone of the technical philosophy is the belief that all of the factors that influence market price--fundamental information, political events, natural disasters, and psychological factors-- are quickly discounted in market activity."
In other words, the impact of these external factors will quickly show up in some form of price movement, either up or down. Chart analysis, therefore, is simply a short-cut form of fundamental analysis.
As Charles Dow believed, the market discounts everything. All roads of technical analysis inevitably lead back to the Dow Theory. Modern day charting and technical analysis uses the basic foundation of the Dow Theory and encompasses modern charting techniques and strategies to give the investor and trader a distinct advantage.
- Paperback : 275 pages
- ISBN-10 : 1456468693
- ISBN-13 : 978-1456468699
- Item Weight : 13.1 ounces
- Dimensions : 6 x 0.62 x 9 inches
- Publisher : CreateSpace Independent Publishing Platform (April 6, 2012)
- Language: : English
- Best Sellers Rank: #7,781 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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Unfortunately, the book is entirely black and white, including the copious chart examples. Reading candlestick charts without color is irritating, and I often would put down the book to google examples instead of using the ones provided. Which is a shame, because that is not the author's fault, and the actual content is excellent.
I suspect the author even used color when he wrote it, because the images have an unnatural gray-scale appearance. It also seems like the digital version has color, though I only own the print version and can't confirm.
Not only does it give solid investing and speculation advice, but the information on reading, deciphering and analyzing the various chart trends and stock behaviors is invaluable. Immediately after I finished reading this, I went back through the high points to make sure I have the candlestick patterns and major icons down to memory.
The great part about this book is that- not only is the information supported within the pages, but also I find the teachings in this book are bolstered when I go to analyze real stocks in everyday life. This book teaches you when it is a good time to look into buying, and more importantly- when to stay away from a stock. You will learn bearing and bullish patterns, along with trends that lend evidence as to where a stock might be headed.
Do yourself a favor- buy this book, study this book, and use it to invest wisely!
"Technical Analysis of the Financial Markets" by John Murphy, so buy that one instead.
It is worth noting that the book primarily uses candlestick chart patterns for analysis. So if you prefer other types of charts for analysis then maybe look elsewhere. Personally, I am a big fan of candlestick charts so I like it. He does also go a bit into using technical indicators such as moving averages. Overall the book does not go deep into other technical indicators. So if you would like to learn about others I would suggest looking elsewhere.
Overall I felt that this book was an excellent basic-intermediate introduction to charting. My only disappointment is that it did not go into quite the level of depth that I was hoping for, but it is still a very good resource and I like the author's style.
I highly recommend this to anyone interested in learning to read, understand, and forecast charts.
The only con is the example chart image quality is a bit on the fuzzy side so you have to squint to read some of the fine details of the charts, but that doesn't prevent you from reading the patterns and indicators.
Top reviews from other countries
This is a really easy read - things made simple.
I read half the book in a couple of days over a few hours.
Shooting star, evening star, pretty poorly explained. They need to go back and complete this.
It's not saying what you do when you see it on the rise/fall.... and what it means. So why put it in the
book when you clearly don't understand it yourself. Very important concepts with charting and not explained clearly or enough