Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
Penguin, 1999 M01 1 - 576 páginas
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
Philosophy of Technical Analysis Introduction Philosophy or Rationale Technical versus Fundamental Forecasting Analysis versus Timing Flexibility and Adaptability of Technical Analysis Technical Analysis Applied to Different Trading ...
Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. The term “market action” includes the three principal sources of information available to the ...
This action is the basis of all economic and fundamental forecasting. The technician then turns this statement around to arrive at the conclusion that if prices are rising, for whatever the specific ...
He or she just doesn't believe that knowing what those reasons are is necessary in the forecasting process. Prices Move in Trends The concept of trend is absolutely essential to the technical approach. Here again, unless one accepts the ...
FORECASTING. While technical analysis concentrates on the study of market action, fundamental analysis focuses on the economic forces of supply and demand that cause prices to move higher, lower, or stay the same.
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Basic Concepts of Trend
The Channel Line
Investor Sentiment Readings
Weekly and Monthly Bar Charts
Elliott Wave Theory
The Rule of Alternation
Fibonacci Numbers as the Basis of the Wave Principle
Finding a Price Objective
Variations from the Ideal Pattern
Major Reversal Patterns
The Descending Triangle
The Measured Move
Summary of Volume and Open Interest Rules
Long Term Charts
To Optimize or
Measuring Rate of Change ROC
Constructing an Oscillator Using Two Moving Averages
Futures Open Interest
How Cyclic Concepts Help Explain Charting Techniques
Computers and Trading Systems
The Use of Intraday Pivot Points
Measuring Market Breadth
How to Coordinate Technical and Fundamental Analysis
Formula for Demand Index
Tracking Longer Term Market Activity
The Importance of Longer Range Perspective