Technical Analysis of the Financial Markets
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
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. Guides you from the basics of charting through the latest computer technology. Shows you 400 real-life charts that clarify every key point. 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:
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.
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.
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:
*The fundamentals of technical analysis and chart construction.
*What you must know about trends and the building blocks of chart analysis.
*Various types of charting: point and figure, candlesticks, and more.
*Price patterns, including major reversal and continuation patterns.
*Long-term charts and the valuable perspective they provide.
*Methods of analysis - moving averages, oscillators, ontrary opinion, and others Elliott Wave Theory and the anticipation of market turns.
*Time cycles Market interrelationships.
*Money management and trading tactics
*Stock market indicators.
*How to pull it all together and make it work for you.
Ralph Acampora, Managing Director, Prudential Securities, says: "One way to get started in technical analysis is read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets by John Murphy. It's an easy read."
Gail M. Dudack, Chief Investment Strategist, Warburg Dillon Read, says: "No one in this generation had contributed more to technical analysis than John Murphy. Through his series of books, he has opened the door to many and raised the standard for all who use technical analysis. His books should be required reading for everyone in the securities business and are never more than a step away from my desk."
Alan Shaw, Managing Director, Salomon Smith Barney, says: "John Murphy appears to have done it again. . .only this time in a more contemporary fashion. Technical Analysis of the Financial Markets is a must read for the novice and professional and most important the Chartered Market Technician candidate. As a long-time point-and-figure devotee, I was enthused to see the book's point-and-figure chapter not only cover some of the more popular methods such as Chartcraft and Dorsey Wright, but also explore the usefulness of the original point-and-figure methodology which we practice here at Salomon Smith Barney."
Hardcover: 576 pages
Publisher: Prentice Hall Press (January 4, 1999)