Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)

Technical analysis aims to give guidance for buying and selling stocks (or any other security) based of price trends and fluctuations, rather than the underlying value of the company. As such, these systems require no knowledge of the underlying security, only its price history. All you need to know is the trading symbol. The underlying basis of all of the approaches is that the price history tells all one needs to know to project future behavior. Not all the possible systems are discussed, but those that are discussed are discussed in some detail. From my vantage point, the chief deficiency and chief strong point is the lack of a definitive recommendation as to which system to use. That is left to the reader. This book is, however, a good starting point to direct the reader towards a possible system, about which more can be learned from books specifically written about that system (some of which are provided in the bibliography). The reader should be forewarned, however, that Technical Analysis is only one approach to the market. Many believe that this approach is little more than tealeaf reading and they rely on the analysis of the fundamentals of the balance sheet of the company and its prospects for future growth.

Don't mistake technical analysis with technical analysis (charting). This book is about the later...charting. OK book if you're into that.

I've probably read over a hundred books on the stock market and technical analysis. This book is one of the very best!!! It is great for the beginner and is a reminder to the experienced trader to work the basics. You can use this information regardless of whatever system you may be using. The content progresses and builds upon what you have learned in each chapter.

good

This book is in depth of most usefully indicators in the market. The writer is neutral and unbiased as he describes all the techniques out there. If you are serious and determent of becoming a serious trader private or professional with an in depth knowledge and understanding of technical analysis, this is your book!