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.
Major Reversal Patterns Introduction Price Patterns Two Types of Patterns: Reversal and Continuation The Head and Shoulders Reversal Pattern The Importance of Volume Finding a Price Objective The Inverse Head and Shoulders Complex.
Finding a Price Objective The Inverse Head and Shoulders Complex Head and Shoulders Patterns Triple Tops and Bottoms Double Tops and Bottoms Variations from the Ideal Pattern Saucers and Spikes Conclusion ...
Technical analysis in the futures markets is a much purer form of price analysis. ... The Random Walk Theory questions whether prices trend at all and doubts that any forecasting technique can beat a simple buy and hold strategy.
They can't, on the one hand, criticize charting for being so objective and obvious that everyone will act in the same way at the same time (thereby causing the price pattern to be fulfilled), and then also criticize charting for being ...
Descriptive statistics refers to the graphical presentation of data, such as the price data on a standard bar chart. ... It also holds that the best market strategy to follow would be a simple “buy and hold” strategy as opposed to any ...
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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