Brief description:
This is an invaluable tool for traders/investors at all experience levels. In John Murphy's latest book, Technical Analysis of the Financial Markets, he takes the principles from his 1986 best-selling book and expands it to cover all the financial markets. If you invest in the stock market, this is an investment you cannot overlook. Learn the fundamentals of technical analysis and chart construction. This book guides you from the basics of charting through the latest computer technology and shows you 400 real-life charts that clarify every key point. Finally, it teaches you how to pull it all together and make it work for you Cited in research studies by the Federal Reserve, John Murphy's Technical Analysis of the Futures Markets, a comprehensive guide to the concepts of technical analysis and their applications to the futures markets, is widely considered the "bible" in its field. Now, in response to widespread demand, John Murphy has completely updated and revised this landmark volume, broadened its scope, and expanded it to cover all financial markets. While it retains the clarity, simplicity, and logical structure that made the earlier book so popular, Technical Analysis of the Financial Markets thoroughly covers all the new techniques in charts and charting and the many recent developments in this fast-changing area. Every chapter has been updated. There is new emphasis on the stock market, hundreds of up-to-date illustrations, and three completely new chapters featuring extensive information on: %84h Stock Market Indicators - advancing versus declining issues, hew highs versus new lows, up volume versus down volume, and other tools to gauge market breadth and provide early warning of potential trend changes. %84h Candlestick Charting - how to best use these fascinating, visually appealing charts that deliver data with such impact it seems to literally jump off the page or computer screen. %84h Intermarket Analysis - a much needed clear explanation of the vital interrelationships between the various financial markets. In addition, the book provides extensive new sections covering systems development, advanced technical indicators, and such newer forms of charting as market profile. An invaluable tool for traders of all experience, Technical Analysis of the Financial Markets guides you from the first application of Dow Theory and the basics of charting through the latest computer technology and most advanced analysis systems. Packed with some 400 real-life charts that clarify every key point, this authoritative, yet easy-to-follow guide covers: %84h The fundamentals of technical analysis and chart construction %84h What you must know about trends and the building blocks of chart analysis %84h Various types of charting: point and figure, candlesticks, and more %84h Price patterns, including major reversal and continuation patterns %84h Long-term charts and the valuable perspective they provide %84h Methods of analysis - moving averages, oscillators, ontrary opinion, and others %84h Elliott Wave Theory and the anticipation of market turns %84h Time cycles %84h Market interrelationships %84h Money management and trading tactics %84h Stock market indicators %84h How to pull it all together and make it work for you
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