Technical Analysis: The Complete Resource for Financial Market Technicians

About this book

Already the fields most comprehensive reliable and objective guidebook "Technical Analysis: The Complete Resource for Financial Market Technicians Second Edition" has been thoroughly updated to reflect the fields latest advances. Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program this book systematically explains the theory of technical analysis presenting academic evidence both for and against it. Using hundreds of fully updated illustrations the authors explain the analysis of both markets and individual issues and present complete investment systems and portfolio management plans. They present authoritative up-to-date coverage of tested sentiment momentum indicators seasonal affects flow of funds testing systems risk mitigation strategies and many other topics. This edition thoroughly covers the latest advances in pattern recognition market analysis and systems management. The authors introduce new confidence tests; cover increasingly popular methods such as Kagi Renko Kase Ichimoku Clouds and DeMark indicators; present innovations in exit stops portfolio selection and testing; and discuss the implications of behavioral bias for technical analysis. They also reassess old formulas and methods such as intermarket relationships identifying pitfalls that emerged during the recent market decline. For traders researchers and serious investors alike this is the definitive book on technical analysis.