The Technical Analysis Course: A Winning Program for Investors and Traders, Revised Edition Review

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(More customer reviews)If this book doesn't provide the very clearest explanations of technical analysis that is out there, it certainly is a contender for the crown. Each chapter or lesson is followed by a quiz to ensure that you've picked up the key points.
Technical analysis is used by momentum investors (traders if you prefer) to increase their chances of making successful trades. Although some investors on the net would tell you that chart reading is akin to tea-leaf reading, they'd be wrong. I'm conservative enough to combine value investing with my trading, but trading alone can be very profitable to one who takes the time to learn about charts.
The book consists of nineteen lessons:
Lesson 1 - Definition of technical analysis and its basic principles.
Lesson 2 - Chart Construction -- the types of charts, charting services, personal computer software.
Lessons 3-5: Profitable Chart Patterns
Lessons 6-10: Key Analystical Tools
Lessons 11-13: Advanced Analysis. These are especially excellent chapters since they make the "advanced" topics very accessible.
Lessons 14 and 15: Alternative Charting Methods. The lesson on Japanese Candlestick Charting is outstanding.
Lessons 16 and 17: Overall market analysis.
Lessons 18 and 19: Putting It All Together.
An investment of thirty minutes a night for three weeks will repay the investor with more tools to bring to the table to improve his investing track record.
For those who scorn (i.e., do not understand) charts, let me just offer this. Technical analysis does not, of course, double as a crystal ball. But, it can provide a significant edge.
There can be no guarantees, but I believe that this book will pay you for its cost hundreds or thousands of times over. (It has certainly repaid me. But, you've got to read the book and you've got to pull the trigger on some trades.)
Good luck. Better still, read the book and use its information for your benefit instead of relying on luck, hunch, and the free advice that is worth only its price.

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Presented in a workbook format, The Technical Analysis Course shows how to use the tools and strategies of technical analysis to uncover profitable opportunities in both the futures and stock markets. Complete with lessons, quizzes, charts and examples, topics include:The basics of technical analysisHow to read price chartsMoving averages, oscillators, and stochasticsJapanese candlesticksPoint and figure charting

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Technical Analysis: The Complete Resource for Financial Market Technicians Review

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(More customer reviews)Charles Kirkpatrick II, CMT, and Julie Dahlquist, Ph.D., the authors, have decades of experience in using and/or teaching technical analysis on the college level. Their subject mastery is apparent in this well-written all-inclusive textbook , which is clearly and logically written. Each chapter builds on the knowledge learned in prior chapters. In addition, there is an extensive 18-page bibliography.
This 672-page 23-chapter book is written in a college textbook style. For example, each chapter begins with a handful of objectives, followed by the subject matter including large easy-to-read charts and tables (many created using TradeStation charts and data from Ned Davis Research, Inc.), and ends with a conclusion section, as well as review questions.
In the introduction to the subject, the authors review the history of technical analysis, as well as the importance of trends, and the controversy surrounding the validity of the random walk hypothesis and the efficient market hypothesis. Next, the focus is on market indicators (Dow theory, market sentiment, market breadth indicators (ARMS Index, 90% down days, new highs and new lows, and percent of stocks above their 10 and 30 dmas), cycles and patterns, and fund flows into the market. Also reviewed are breakouts, stop placements, retracements, and moving averages.
There is an extensive review of chart construction, chart pattern analysis and trend confirmation using bar charts, candlesticks, and point-and-figure charts. Also covered is a discussion on cycles, Elliott wave, Fibonacci and Gann. Furthermore, there is a discussion of trading and investing and market and issue selection. A chapter on system design and testing, and money and risk management provides additional insight into the subject.
The knowledge imparted by this book can benefit financial professionals, individual investors, college students; financial journalists who want to learn the key concepts of technical analysis, and other interested parties. In addition, this book can also be used as a study guide for the Certified Market Technician (CMT) designation.
This book is substantial in content and a welcome addition to the field. Those wishing to increase their technical analysis knowledge even further, can read books by John Murphy, Greg Morris, Thomas Dorsey, Martin Pring, Steve Nison, and of course the joint work of Robert Edwards and John Magee.


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Now, there's a comprehensive, objective, and reliable tutorial and reference for the entire field of technical analysis. For traders, researchers, and serious investors alike, this is the definitive book on technical analysis. Individual investors and professional investment managers are increasingly recognizing the value of technical analysis in identifying trading opportunities. Moreover, the SECs requirement for analysts and brokers to pass Section 86 exams can now be fulfilled with the Chartered Market Technician (CMT) certification. Author Charles D. Kirkpatrick II has spent decades using technical analysis to advise major investing institutions -- and he currently teaches the subject to MBA candidates, giving him unique insight into the best ways of explaining its complex concepts. Together with university finance instructor and CMT Dr. Julie Dahlquist, Kirkpatrick systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using 200+ illustrations, the authors explain the analysis of markets and individual issues, and present a complete investment system and portfolio management plan. Readers will learn how to use tested sentiment, momentum indicators, seasonal affects, flow of funds, and many other techniques. The authors reveal which chart patterns and indicators have been reliable; show how to test systems; and demonstrate how technical analysis can be used to mitigate risk.

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