Technical Analysis Explained offers a gold mine of practical information, from the basic knowledge needed to understand, interpret, and predict major market moves to how to use todays most sophisticated investment tools and techniques. The book provides straightforward explanations of a growing array of market indicators, including candlestick charting, market breadth, moving averages, cycles, and volume measurement.
The author will be making extensive changes to the 4th edition, reflecting the tremendous change that has occurred over the last ten years, including techniques falling out of favor, time horizons shrinking, advances in software, and increased volatility. Virtually every chart, graph, and table will be updated. In addition, four chapters will be eliminated or merged with other chapters and five new chapters will be added.
Major areas of addition or revision include: - New chapters on momentum, intraday charts, contrary opinion, and one- and two-bar price patterns - Greater emphasis on group rotation and stock selection - Several sections (e.g., candlesticks and relative strength) will be expanded to entire chapters - Chapters on automated systems, moving averages, and the major averages will be expanded - Chapters on gold, currencies, and commodities will be removed - A greater emphasis on shorter-term time frames, including intraday and swing trading
For newcomers and seasoned professionals (the 3rd edition has been recommended by the Market Technicians Association for their professional certification) alike, Technical Analysis Explained is a clear no-nonsense approach to a key element of successful trading.