| TITLE : TECHNICAL ANALYSIS EXPLAINED: THE SUCCESSFUL INVESTOR'S GUIDE TO SPOTTING INVESTMENT TRENDS AND TURNING POINTS. 3RD ED. |
Contents
Preface ix
Acknowledgments xiii
Introduction 1
Part l. Trend Determining Techniques 11
1. Market Cycle Model 13
2. Financial Markets and the Business Cycle 22
3. Dow Theory 31
4. Typical Parameters for Intermediate-Term Trends 42
5. Price Patterns 53
6. Flags, Pennants, Wedges, and Gaps 81
7. Trendlines 93
8. Moving Averages 108
9. Momentum I 127
10. Momentum 11 146
11. Point and Figure Charting 175
12. Miscellaneous Techniques for Determining Trends 184
13. Putting the Techniques Together: An Analysis of the
Dow Jones Utility Average, 1962-1969 200
Part 2. Market Structure 207
14. Price: The Major Averages 209
15. Price: Group Rotation 224
16. Time: Longer-Term Cycles 237
17. Time: Practical Identification of Cycles 264
18. Volume 271
19. Breadth 289
Part 3. Interest Rates and the Stock Market 315
20. Why Interest Rates Affect the Stock Market 317
21. Short-Term (Money-Market) Interest Rates 328
22. Long-Term Interest Rates 343
Part 4. Other Aspects of Market Behavior 351
23. Sentiment Indicators 353
24. Speculative Activity in the Stock Market 375
25. Automated Trading Systems 385
26. Putting the Indicators Together 407
Part 5. Specific Financial Markets 415
27. Technical Analysis of International Stock Markets 417
28. Technical Analysis of Individual Stocks 427
29. Technical Analysis of Gold 457
30. Technical Analysis of Currencies 466
31. Technical Analysis of Commodity Markets 477
Epilog. 489
Appendix A: Candle Charts. 491
Appendix B: The Elliott Wave Principle. 500
Glossary. 505
Resources. 509
Index 515