'Stocks don't sell for what
they are worth. but for what people think they are worth." Garfleld Drew Legendary
1940s technician
Despite what many
"experts" will have (you believe, fundamentals-PE ratios, profit projections,
and the like-don't directly impact market performance. Instead, what drives performance
is investors' reactions to those fundamentals, reactions that are amazingly consistent
from one market to the next and lead to patterns of price movement that can be equally as
predictable.
And history has shown that
traders who understand this distinction will consistently have the edge over those who do
not.
Martin Pring on Price
Patterns provides today's most up-do-date exploration of price patterns and how they can
be used with amazing accuracy to forecast not only how long an up- or downtrend will
continue, but at what point the trend is destined to reverse its course. Covering the
relationship between key technical analysis aspects and price patterns in language that is
both clear and convincing, and based on a massive research program covering over 10,000
securities, this valuable and hands-on book includes:
Classic formations,
including head and shoulders, triangles, double bottoms, and more, along with outside
bars, key reversals, and other shorter-term tools that have become popular with swing
traders
Descriptions of the
underlying psychology of price pattern formations, essential in helping traders better
judge the significance and potential of a specific pattern
An hour-long DVD training
session-featuring excerpts from Pring's popular Live in London video series-which covers
the building blocks and select formations of price patterns
The key to success in
trading, as in so many endeavors, is to ignore what you hope will happen and focus instead
on what has already happened. Martin Pring on Price Patterns reveals how and why price
patterns have come to be regarded as today's single-best tool for traders looking to first
determine what has happened in the markets, and to then use that knowledge to dramatically
and profitably improve their ability to forecast in which direction a price is likely to
move and when.
Pring then goes on to provide a complete, in-depth examination of today's most widely used
price patterns, explaining which work better than others and why. Traders will value this
book, as they do all of Pring's books, for its:
Insights into widely used one- and
two-bar patterns
Examination of outside bars,
reversals,
pennants, and more
Bonus DVD featuring
recordings of
Pring's most popular seminars
About Author
Martin J. PriRQ is one of
today's most respected authorities on technical analysis and charting. President of
Pring.com and editor of the influential newsletter The Intermarket Review, Pring has
contributed articles to Barren's, Futures, Technical Analysis of Stocks and Commodities,
and other prominent financial publications. He has written a number of books on technical
analysis, including the bestselling Technical Analysis Explained, How to Select Stocks
Using Technical Analysis, and over a dozen other titles. Pring has been twice honored by
his peers in receiving the Market Technician's Association annual award and the Canadian
Technical Society's Jack Frost memorial award.
358 pages +CD