Technical Analysis Explained
The Successful Investor's
Guide to Spotting Investment Trades and Turning Points......
Traders and investors are
creatures of habit who react and often overreact in predictable ways to rising or falling
stock prices, breaking business news, and cyclical financial reports. Technical analysis
is the art of observing how investors have regularly responded to events in the past and
using that knowledge to accurately forecast how they will respond in the future. Traders
can then take advantage of that knowledge to buy when prices are near their bottoms and
sell when prices are close to their highs.
Since its original
publication in 1980, and through two updated editions, Martin Pring's Technical Analysis
Explained has shown tens of thousands of investors, including many professionals, how to
increase their trading and investing profits by understanding, interpreting, and
forecasting movements in markets and individual stocks. Incorporating up-to-the-minute
trading tools and technologies with the book's long successful techniques and strategies,
this comprehensively revised fourth edition provides new chapters on:
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Candlesticks and one- and two-bar price reversals, especially valuable for intraday and
swing traders
-
Expanded material on momentum including brand new interpretive techniques from the
Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index
and the Parabolic
-
Expanded material on volume, with greater emphasis on volume momentum along with new
indicators such as the Demand Index and Chaikin Money Flow
-
Relative strength, an increasingly important and until now underappreciated arm of
technical analysis
- Application
of technical analysis to contrary opinion theory, expanding the book's coverage of the
psychological aspects of trading and investing
Technical analysis is a tool,
nothing more, yet few tools carry its potential for dramatically increasing a user's
trading success and long-term wealth. Let Martin Pring's landmark Technical Analysis
Explained provide you with a step-by-step program for incorporating technical analysis
into your overall trading strategy and increasing your predictive accuracy and potential
profit with every trade you make.
Martin J. Pring is the highly
respected president of Pring Research (www.pring.com), editor of the newsletter The
Intermarket Review, and one of today's most influential thought leaders in the world of
technical analysis. The author of McGraw-Hill's Martin Pring on Technical Analysis series,
Pring has written more than a dozen trading books and has contributed to Barren's and
other national publications. He was awarded the Jack Frost Memorial Award from the
Canadian Technical Analysts Society.
638 pages