Study Guide for the Second Edition of Technical Analysis

Study Guide for the Second Edition of Technical Analysis : The Complete Resource for Financial Market Technicians

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Now any trader (stock market, commodity, option, etc.) or prospective trader can master the skills of technical analysis with this up-to-date, hands-on study guide to accompany the popular text selected by the Market Technicians Association as the principal text for its prestigious CMT program. Charles D. Kirkpatrick II and Julie Dahlquist help readers learn, review, and master all key elements of technical analysis, preparing them to earn the Market Technician Association's prestigious CMT certification -- and, if they choose, apply their CMTs towards earning indispensable SEC Section 86 credentials. Fully aligned with the current Second Edition of Technical Analysis, this workbook-style book includes chapter learning objectives, chapter summaries, reviews of key terms and concepts, chapter questions, problems, solutions for all of the problems in the main text, additional questions and activities, multiple choice questions, student self quizzes, and more. It covers the full spectrum of issues, including tested sentiment, momentum indicators, seasonal affects, flow of funds, testing systems, risk mitigation strategies, and new advances in market analysis, portfolio selection, and systems management, and more.
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Product details

  • Paperback | 288 pages
  • 180 x 230 x 15mm | 460g
  • Upper Saddle River, United States
  • English
  • Revised ed.
  • 0133092607
  • 9780133092608
  • 475,194

Back cover copy

Praise for Technical Analysis: The Complete Resource for Financial Market Technicians "I've been reading technical analysis works for forty years. This is the first book on the subject worthy of being called both comprehensive and disciplined. It will be a great asset to both practitioners and serious students alike."
--Phil Roth, CMT, Chief Technical Market Analyst, Miller Tabak + Co. "The authors deftly straddle the divide between the artistic and the rigorous aspects of technical analysis. The publication of this text is an important financial-market event and the authors are to be congratulated."
--John Bollinger, CFA, CMT, President, Bollinger Capital Management "The authors have done a superb job of making the subject so understandable, setting goals for each chapter, and seeing they are met, with a concise summary at each chapter's end. After four decades of practicing the subject, I am proud to place my colleagues' book in a prominent spot in my technical analysis library."
--Alan R. Shaw, CMT, former Managing Director, Smith Barney, second President of Market Technicians Association "As both a technical analysis teacher and practitioner, I have long looked for a book that covers the subject from a practitioner's perspective and at the same time meets a student's need to learn a complete body of knowledge. Kirkpatrick's and Dahlquist's book is the first I have seen that hits the mark on both fronts."
--Bruce M. Kamich, CMT, Adjunct Professor of Finance, Baruch College, and former President, Market Technicians Association "This book is an excellent contribution to technical analysis literature. The authors are careful not to overstate the powers of technical analysis, and they include an appendix on statistical procedures and end-of-chapter review questions to empower the new technical analysis student. As either a stand-alone text or as a companion to other technical analysis books, this book should appear on every technician's bookshelf."
--Hank Pruden, Professor of Business and Executive Director, Institute for Technical Market Analysis, Ageno School of Business, and Golden Gate University Master Modern Technical Analysis with Today's Definitive, Hands-On Workbook This up-to-date, workbook-style study guide can help any trader master the skills of modern technical analysis. It is the only study guide designed to fully align with Technical Analysis, second edition, the principal text chosen by the Market Technicians Association for its prestigious Chartered Market Technician (CMT) certification program. Prepared by the award-winning authors of Technical Analysis, it covers every facet of technical analysis, including the following:
Principles, history, controversies, and recent advances Markets and market indicators: Dow Theory, tested sentiment, momentum indicators, measuring market strength, temporal patterns/cycles, and flow of funds Trend analysis: charting, trend identification, breakouts, stops, retracements, and moving averages Chart pattern analysis: bar charts, point-and-figure chart patterns, and short-term patterns Trend confirmation techniques Elliott Waves, Fibonacci, and Gann Selecting markets and issues System testing, management, risk mitigation, and more
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Table of contents

Part I Introduction

1 Introduction to Technical Analysis 1

2 The Basic Principle of Technical Analysis--The Trend 5

3 History of Technical Analysis 17

4 The Technical Analysis Controversy 21

Part II Markets and Market Indicators

5 An Overview of Markets 27

6 Dow Theory 49

7 Sentiment 57

8 Measuring Market Strength 65

9 Temporal Patterns and Cycles 73

10 Flow of Funds 83

Part III Trend Analysis

11 History and Construction of Charts 93

12 Trends--The Basics 109

13 Breakouts, Stops, and Retracements 125

14 Moving Averages 137

Part IV Chart Pattern Analysis

15 Bar Chart Patterns 151

16 Point-and-Figure Chart Patterns 167

17 Short-Term Patterns 175

Part V Trend Confirmation

18 Confirmation 195

Part VI Other Technical Methods and Rules

19 Cycles 217

20 Elliott, Fibonacci, and Gann 227

Part VII Selection

21 Selection of Markets and Issues: Trading and Investing 235

Part VIII System Testing and Management

22 System Design and Testing 243

23 Money and Risk Management 251

Part IX Appendices

A Basic Statistics 259

Answer Key 269
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About Julie R. Dahlquist

Charles D. Kirkpatrick II, CMT, is

President, Kirkpatrick & Company, Inc., Kittery, Maine--a private corporation specializing in technical research; Editor and Publisher of the Market Strategist newsletter.
Past Adjunct Professor of Finance, Brandeis University International School of Business, Waltham, Massachusetts.
Past Director and Vice President, Market Technicians Association Educational Foundation, New York, New York--a charitable foundation dedicated to encouraging and providing educational courses in technical analysis at the college and university level.
Past Editor, Journal of Technical Analysis, New York, New York--the official journal of technical analysis research.
Past Director, Market Technicians Association, New York, New York--an association of professional technical analysts.
Author of Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell and Time the Markets: Using Technical Analysis to Interpret Economic Data.

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 in 2001, he won the Charles H. Dow Award for excellence in technical research, and in 2009, he won the MTA Annual Award for his contributions to 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., CMT, 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. Currently, she is a senior lecturer, Department of Finance, at the University of Texas at San Antonio College of Business. Dr. Dahlquist is a recipient of the Charles H. Dow Award for excellence and creativity in technical analysis and is a frequent presenter at national and international conferences. She is the coauthor (with Richard Bauer) of Technical Analysis of Gaps: Identifying Profitable Gaps for Trading and Technical Market Indicators: Analysis and Performance. Her research has appeared in the Financial Analysts Journal, Journal of Technical Analysis, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, Active Trader, and in the Journal of Financial Education. She serves as Editor of The Journal of Technical Analysis and is on the Board of the Market Technicians Association Educational Foundation. She resides in San Antonio with her husband, Richard Bauer, and their two children, Katherine and Sepp.
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