Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institu PDF
Preview Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institu
TECHNICAL ANALYSIS tie FINANCIAL MARKETS A COMPULIENSTYR GUIDE TO TRADING ‘aeTHOMS AND APPLICATIONS TECHNICAL ANALYSIS fim FINANCIAL MARKETS A COMPREHENSIVE GUIDE TO TRADING. METHODS AND APPLICATIONS JOHN J. MURPHY EW YORE STE OF FAC teary f Congr Caaoging is Pleton its ap ota, Wate “Tati on tee franca mabe obs) Mary en hiegyst cea ae Truce mast 2, Conti serargse 1 sup a 6-179 am ‘wat pan is om ea, ‘kat Sabato he FrawesRas en Yok at of Ean, 185), “Ti pnaton deg pede ws annotate eaten mead {Dibra unter ce isd wi he undenung at e psr ot [ewtin wuring mp mnuitoy, uli pena vce pa atte oe Stal ayne inns oq enema fs eset non ee hrm tr Bera spe Sy ad baie 8 Amr ‘Rusia ente Cann yap sa caso ws hooks ae sat aot Ss ame eon Sir am, SRE srt, Ne, ISON O+7382-00bG-2 m= [Be a es TST To my parents, Timothy and Margaret and To Patty, Clare, and Brian Contents About the Authar Aout the Cou Introduction — xx. Acknowledgments xu Philosophy of Technical Analysis 1 Introduction 2 Uhilosophy or Rationale 2 Technical vessus Furdamental Loreeasting Analysis versus Timing 6 vi vill ances Tlexibility and Adaptability of technical Analysis 7. ‘echnical Analysis Applied to Dislerent Radmg Medlums 8 ‘Technical Analysis Applied (o Different Tae Dimensians 9) Economic Forecasting 10 luchovician or Christ? 10 A Brief Comparison of Technical Analysis in Stocks and Tutmes 12 Less Reliance on Markel Averages and Indicators 14 Same Celicisms of the Technical Approach 1S Random Walk Theory 29 Universal Principles 21 Dow Theory Introduction 24 kasicTenets 24 ‘The Use of Closing Prices and the Presence of Lines 30 Some Ciltleismis of Dow Theory 3 Stocks as Econoraic Indicators. 32 Dow Theory Applied to Furures Trading 32 Conclusion 33 23 Churt Construction 35 Intwoduction 35 ‘Types ol Charts Available 36 Caruliesticks 37 Asithrnotic versus Logarithmic Seale 39 Constiuction of the Daily Rar Chart 40 Younw 47 Futures Opens interest 42 Weekly and Monthly Har Charts 4S Conclusion — 46 Basie Concepts of tread 9 Definition of end 49 Trond Has Thiee Directions 51 Trencl Has Three Classifications $2 Support and Resistance 55 Trendines 68 ‘The Tan Pincple 74 ‘The limportance of the Number Three 74 ‘The Relative Steepness oF the Trendline 76 The Channel Line 80 Percentage Ketracenents 85
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