Technical Analysis: The Complete Resource for Financial Market Technicians

by Charles D. Kirkpatrick II, Julie R. Dahlquist

Already the field's most comprehensive, reliable, and objective guidebook, Technical Analysis, Second Edition has been thoroughly updated to reflect the field's latest advances. Selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program, this book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations, the authors explain the analysis of both markets and individual issues, and present complete investment systems and portfolio management plans. They present authoritative, up-to-date coverage of tested sentiment, momentum indicators, seasonal affects, flow of funds, testing systems, risk mitigation strategies, and many other topics. This edition thoroughly covers the latest advances in pattern recognition, market analysis, and systems management. The authors introduce new confidence tests; cover increasingly popular methods such as Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; present innovations in exit stops, portfolio selection, and testing; and discuss the implications of behavioral bias for technical analysis. They also reassess old formulas and methods, such as intermarket relationships, identifying pitfalls that emerged during the recent market decline. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis.

Genres: Finance

671 pages, Hardcover

First published July 1, 2006

Reviews

[Aditya · Rating 3 out of 5]

Well, another one of those books. I somehow feel Technical Analysis is much more than finding Trend Lines, Support and Resistances but these books just don’t seem to go even an inch deeper. The book like others starts with a good intrduction of what Technical Analysis is and how it came out through the years. All this is good stuff, it kind of even goes in depth debating various research papers which had been paramount in the financial academia. Rest of it is pretty same, you get an intro of Dow Theory, Trend Lines and tegular stuffs. The problem with this book and I think its with all of these books on TA is they never really give out some practical insights which are valuable in real life trading. Other than there is no mention of Candle Sticks which is just plain stupid.

[Maria Rinehart-Henderson · Rating 4 out of 5]

Dense and complete and recommended reading for the CMT, so I'll give it a four star for this purpose. But, unless you are planning to take the CMT, there are more engaging reads on the subject.

[Museyyib Mehdiyev · Rating 3 out of 5]

Rather than technical analysis, this book mainly covers fundamental information about finance, theories about trading, money management, technical analysis and etc. Language of book is easy and for the people who have basic knowledge about finance and want to increase general knowledge on finance and theories on technical analysis, how trading works, it is highly recommended.
But if you are more interested in tips for technical analysis, strategies, patterns, this book is not good choice for you.

[Vitalijus Sostak · Rating 4 out of 5]

The best textbook on technical analysis, imo.
Encompasses many areas of technical analysis in a detailed enough manner.
Recommended both for novices as well as for veterans.

[Sangam Agarwal · Rating 3 out of 5]

not a best book

[Emmanuel Vijay · Rating 5 out of 5]

Detailed and clear

Author has written in detail on all aspects of trading. Highly recommended for any new trader who want to understand from basics.

[Walter · Rating 5 out of 5]

Highly recommended

Very thorough. This book provides an excellent foundation of technical analysis knowledge. Despite its length, I found it to be an interesting read.

[Dionne Casimir · Rating 4 out of 5]

Worth the read

Explained many important concepts and included lots of references for further reading. Could be trimmed down a bit but overall worth the read.

[Doc Cokie · Rating 3 out of 5]

This book lays out basic foundational concepts of technical analysis, but you'll want an additional resource if you want to learn more about candlestick patterns.

[Kasey Spencer · Rating 5 out of 5]

Amazing text! The best I've read so far

[Subin Sukumaran · Rating 4 out of 5]

"So, why does the world need another book on technical analysis? We began looking through the multitude of materials on technical analysis a few years ago, searching for resources to use in educational settings. We noticed that many specialized books existed on the topic, but there was no resource to provide the student of technical analysis with a comprehensive summation of the body of knowledge. We decided to provide a coherent, logical framework for this material that could be used as a textbook and a reference book."

This is exactly what you will get from this book as the author pointed out as above. It will help you to get sound knowledge in Technical Analysis, but won't help you to become an Analyst, I mean, in a practical sense.