New Thinking in Technical Analysis
Trading Models from the Masters
Bloomberg Professional
1. Auflage November 2000
320 Seiten, Hardcover
Wiley & Sons Ltd
Sometimes even the most thorough homework on fundamentals fails to
pinpoint the best time to buy a stock or take profits. Technical
analysis helps market players predict the price behavior of a
stock, commodity, or any financial instrument, giving clues about
the course a trade may take in the coming weeks and months.
When market timing is of the essence in making logical, informed
decisions about a trade's future, technical analysis is the
tool.
In New Thinking in Technical Analysis: Trading Models from
the Masters, a dozen top authorities reveal their techniques
and strategies for successful trading. This book offers market
participants a treasury of tools to improve their investment
performance, each from a unique and time-tested perspective.
Readers will find immense value in the straightforward,
user-friendly, application-rich presentation of market dynamics
forecasting in this invaluable guide. Enhanced with over 170 charts
and illustrations, New Thinking will become the primary
companion of every trader seeking to gain a competitive edge.
Acknowledgments.
Preface.
1 Swing Trading and Underlying Principles of TechnicalAnalysis (Linda Bradford Raschke).
Influential Thinkers in Technical Analysis.
General Principles of Price Behavior.
Creating Swing Charts.
The Three Types of Trades.
Trade Management.
2 Forecasting Trends Using Intermarket Analysis (JohnMurphy).
Basic Principles.
Intermarket Sector Effect.
Sector Rotation and the Economy.
Japan' Effect on U.S. Markets.
3 Applying Moving Averages to Point and Figure Charts(Kenneth G. Tower).
Background of Point and Figure Charting.
Constructing Moving Averages on Point and Figure Charts.
Advantages of Point and Figure Charts over Bar Charts.
When and How to Use the Technique.
4 Spotting Early Reversal Signals Using Candle Charts(Steve Nison).
Constructing Candle Lines.
Using Individual Candle Lines.
Doji.
Shadows.
Hammers and Shooting Stars.
Engulfing Patterns.
Windows.
Candles and Risk/Reward Considerations.
5 Reading the Language of the Market with Market Profile(Robin Mesch).
The Cycle of Equilibrium and Disequilibrium.
Daily Profile Shapes.
Profiles of Equilibrium and Disequilibrium Cycles.
The Four Steps of Market Activity.
Using Market Profile to Create a Buy/Sell Strategy.
Minus Development.
Summary Principles Underlying Market Profile.
6 Using Oscillators to Predict Trade Opportunities(Tom DeMark).
Traditional Oscillator Interpretation.
TD Range Expansion Index.
TD DeMarker I.
TD DeMarker II.
Key Considerations.
7 Using Cycles for Price Projections (PeterEliades).
Basic Steps in Generating Price Projections Using OffsetLines.
Nominal Price Projections and Terminology.
Applying Market Cycle Projections.
Offsets for Weekly, Daily, and Intraday Cycle Projections.
Preliminary vs. "Confirmed" Projections.
Adding Cycle Price Projections to One's Toolbox.
8 Trading with the Elliott Wave Theory (Steven W.Poser).
History of Elliott Wave Theory.
Description of Elliott Wave Theory.
Recognizing Wave Characteristics.
Applying Elliott Wave Theory.
Making Money When Your Analysis Is Wrong.
Fine-Tuning Your Elliott Wave Theory-Based Trading.
9 Trading Volatility in the Options Market (LawrenceMcMillan).
Can You Predict the Market?
Volatility Trading Overview.
Trading Volatility.
Key Benefits of Volatility Trading.
10 Enhancing Technical Analysis by IncorporatingSentiment (Bernie Schaeffer).
Proper Application of Contrary Thinking.
Interrelationships of Sentiment Indicators with Technicals.
Sentiment Measures.
Sentiment at Work: A Case Study.
11 Measuring Investor Sentiment in Individual Stocks(Larry Williams).
How Investor Sentiment Affects Individual Stocks.
The Basic Rule.
Using the Index.
What Makes the Advisers Too Bullish and Too Bearish?
Avoiding Pitfalls.
Doing What the Majority Is Not Doing.
12 Controlling Risk with Money Management Techniques(Courtney Smith).
The Fixed Fractional Bet.
Place Your Stops, Then Apply the Rules.
Start with Sufficient Capital.
Stay Cool.
Maintain Your Discipline.
Index.
--Louise Yamada
Managing Director and Head of Technical Research, Salomon Smith
Barney
"An excellent mix of classic and new concepts in technical
analysis. Investors, as well as short-term traders, will find
interesting and useful material in this book."
--Gail M. Dudack, CMT
Managing Director and Chief Equity Strategist, UBS Warburg
"A must-read for traders and investors"
--James A. Bianco
President, Bianco Research LLC
"Rick has gathered together twelve of the top individuals in the
field of technical analysis. Their methods and vast experience will
open your mind to new opportunities."
--Edward J. Solari
Vice President and Senior Foreign Exchange Advisor, BMO Nesbitt
Burns
