Showing posts with label technical analysis. Show all posts
Showing posts with label technical analysis. Show all posts

Thursday, May 1, 2008

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

This is a practical book about Technical Analysis written by an investor with over 30 years of experience who has "been there and done it". The book has a section with exercises. If I had a complaint, it would be that the patterns shown in the example charts are too clear; things are not that crystal clear in real life. Anyone who reads this book should also read "Trading The Plan" by Robert Deel. Both are very practical.

I really like this book as it covers the basics and has examples where you have to use what you've learned to do the exercises. The reading is pretty dry but I still refer back to the book often when I'm trying to remember what a "double bottom" means or what an "ascending triangle" helps you predict.

http://www.amazon.com/Using-Technical-Analysis-Step-Step/dp/1557385270/ref=sr_1_21?ie=UTF8&s=books&qid=1209625101&sr=1-21

Technical Analysis of Stock Trends

Technical Analysis of Stock Trends


I read Edwards and McGee, Technical Analysis of Stock Market Trends with great enthusiasm. Here was a book that was originally written in the 1940's that is equally valid to anyone trying to play the stock market in the Twenty First Century. It also gave me insights into the wild times on Wall Street in the Roaring 20's, and taught me how the pros did stock manipulation and organized "bear traps." Understanding Wall Street irrational exuberance in 1928 helps a smart investor understand the irrational exuberance in 1999. I started reading and then using Technical Analysis because I found I couldn't make money on the market just using the fundamental analysis that my accounting professors taught me in business school. I bought stocks based on detailed analysis of the firm's fundamentals and then could not understand why the prices of my "smart" investments immediately dropped like a rock. Technical analysis provides an investor with insights into the market forces (supply and demand) that affect the rise and fall of stock prices and give a rational investor understanding of the psychology of the herd of investors.

Modern web technology available from Clearstation and E-trade take the drudgery out of the technical charting, and make it easy for an amateur investor to become an experienced technical chart reader. Edwards and McGee was the book that helped me develop this skill. I can not praise the authors of this book enough.

http://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/0814408648/ref=pd_sim_b_img_2/002-3486549-0660035

Saturday, March 29, 2008

Futuristic Crystal Review on the Future of Global Stock Market

Stock markets all over the world has been dropping since the beginning of this year. 2008 first quarter has been a major drop for Dow Jones Industrial Index, Nikkei, Hang Seng, FSTE, SSE, SGX. Busrsa Malaysia, Korean Kospi, AMX and many more stock exchanges all over the world.
Fundamental Analysis now registered value in many stocks and equities. Technical Analysis buy signals and chart formations are pointing to market bottom.

The next few posting will point to the future of stocks and share from well known fund managers. The opinions of these professionals will influence the direction of the market. Markets movements are controlled by major buy up and sell down by these funds. These fund managers are our futuristic crystall ball reviewers with tremendous power.