Technical Analysis: The Complete Resource for Financial Market Technicians

Front Cover

Master technical analysis, step-by-step! Already the field's most comprehensive, reliable, and objective introduction, this guidebook 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, Technical Analysis, Third Edition systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations and examples, 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 effects, flow of funds, testing systems, risk mitigation strategies, and many other topics.

Offering 30% new coverage, Technical Analysis, Third Edition thoroughly addresses recent advances in pattern recognition, market analysis, systems management, and confidence testing; Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators; innovations in exit stops, portfolio selection, and testing; implications of behavioral bias, and the recent performance of old formulas and methods. For traders, researchers, and serious investors alike, this is the definitive guide to profiting from technical analysis.

 

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Contents

Introduction to Technical Analysis
The Basic Principle of Technical AnalysisThe Trend
Review Questions
The Technical Analysis Controversy
Review Questions
Cash Market
Measuring Market Strength
Dow Theory
Using Moving Averages
Conclusion
Review Questions
Funds Outside the Security Market
Fed Policy
Review Questions
Review Questions
Breakouts Stops and Retracements

Review Questions
Sentiment in Bonds
Gold Sentiment
Profitable
Net New Highs and Net New Lows
Retracements
Review Questions
Moving Averages
Bar Chart Patterns
Copyright

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About the author (2015)

Charles D. Kirkpatrick II, CMT, relative to technical analysis, is or has been:
  • President, Kirkpatrick & Company, Inc., Kittery, Maine--a private firm specializing in technical research; editor and publisher of the Market Strategist newsletter.
  • Author of several other books on aspects of technical analysis in the trading markets.
  • Adjunct professor of finance, Brandeis University International School of Business, Waltham, Massachusetts.
  • Director and vice president, Market Technicians Association Educational Foundation, Cambridge, Massachusetts--a charitable foundation dedicated to encouraging and providing educational courses in technical analysis at the college and university level.
  • Editor, Journal of Technical Analysis, New York, New York--the official journal of technical analysis research.
  • Director, Market Technicians Association, New York, New York--an association of professional technical analysts.

In his life in the stock and options markets, Mr. Kirkpatrick has been a hedge fund manager, investment advisor, advisor to floor and desk traders and portfolio managers, institutional stock broker, options trader, desk and large-block trader, lecturer and speaker on aspects of technical analysis to professional and academic groups, expert legal witness on the stock market, owner of several small businesses, owner of an institutional brokerage firm, and part owner of a CBOE options trading firm. His research has been published in Barron’s and elsewhere. In 1993 and 2001, he won the Charles H. Dow Award for excellence in technical research, and in 2009, he won the MTA award for his contributions to technical analysis. In 2012, he and Julie Dahlquist together won the Mike Epstein Award from the Market Technicians Association Educational Foundation for their dedication to expanding technical analysis courses into college and university graduate schools and for creating this textbook to be used in professional courses on technical analysis. Educated at Phillips Exeter Academy, Harvard College (A.B.), and the Wharton School of the University of Pennsylvania (M.B.A.), he was also a decorated combat officer with the 1st Cavalry Division in Vietnam. He currently resides in Maine with his wife, Ellie, and their various domestic animals.

Julie R. Dahlquist, Ph.D., received her B.B.A. in economics from University of Louisiana at Monroe, her M.A. in theology from St. Mary’s University, and her Ph.D. in economics from Texas A&M University. Dr. Dahlquist has taught at the collegiate level for three decades. Currently, she is an associate professor of professional practice in economics and finance at the M. J. Neeley School of Business at Texas Christian University. Dr. Dahlquist is a frequent presenter at national and international conferences. She is the coauthor (with Richard Bauer) of Technical Market Indicators: Analysis and Performance (John Wiley & Sons) and Technical Analysis of Gaps (Pearson). Her research has appeared in Financial Analysts Journal, Journal of Technical Analysis, Managerial Finance, Applied Economics, Working Money, Financial Practice and Education, Active Trader, and the Journal of Financial Education. She is a recipient of the Charles H. Dow Award (2011) and the Epstein Award (2012). She serves on the Board of the Market Technicians Association Educational Foundation and as editor of the Journal of Technical Analysis. She and her husband, Richard Bauer, have two children, Katherine and Sepp.

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