Technical Analysis Plain and Simple

Technical Analysis Plain and Simple : Charting the Markets in Your Language

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Technical analysis is a hot topic for investors right now and offers powerful, objective tools for picking stocks and making money--but most explanations of the subject simply confuse investors instead of enlightening them. In this clear, practical book, Barron's columnist Michael Kahn introduces technical analysis in simple English. Kahn explains exactly how technical analysis works, then teaches you how to read charts and translate what they tell you into real buy and sell decisions. The fully updated Second Edition contains many new examples reflecting major market changes since the First Edition: 9/11, equities bear markets, commodities bull markets, changing interest rates, and more. Step by step, Kahn illuminates the basic theory of technical analysis, demystifies its jargon, outlines its core techniques, and shows how to use it to complement (not replace) the reader's current approach to stock selection. He explains trendlines, chart patterns, and corrections; reveals what makes a stock look promising; and helps to assess potential risk and reward.
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Product details

  • Hardback | 352 pages
  • 157.5 x 228.6 x 35.6mm | 680.4g
  • Upper Saddle River, United States
  • English
  • 2nd edition
  • 0131345974
  • 9780131345973
  • 960,208

Table of contents

Acknowledgments xix

About the Author xxi

Preface xxiii

About This Book xxvii

How to Get the Most From This Book xxxiii

Part I: A Few Things You'll Need to Know Before You Begin 1

Chapter 1: Required Background 3

Chapter 2: What Is Technical Analysis? 13

Chapter 3: What Is a Chart? 19

Chapter 4: Jargon You Cannot Avoid 25

Part II: The Core of Chart Analysis 33

Chapter 5: Concepts 35

Chapter 6: What Are Supply and Demand in the Markets? 41

Chapter 7: The Trend Is Your Friend and So Are Trendlines 47

Chapter 8: See the Forest and the Trees 55

Chapter 9: Chart Patterns-When the Market Needs a Rest 63

Chapter 10: Chart Patterns-When the Market Is Changing Its Mind 73

Chapter 11: Chart Patterns-Explosions 83

Chapter 12: Corrections in Perspective 89

Part III: Technical Analysis in the Real World 95

Chapter 13: What Is There Other Than Price? 97

Chapter 14: Volume 109

Chapter 15: Time 117

Chapter 16: Sentiment 121

Chapter 17: Fundamental Analysis Really Is Technical Analysis 129

Chapter 18: Just What Makes a Stock (Bond, Commodity) Look Good? 135

Chapter 19: Risk Versus Reward-Is This Stock Really Worth It? 147

Chapter 20: This Isn't Brain Surgery 159

Part IV: The Actual Process of Investing 173

Chapter 21: OK, Now Do It! 175

Chapter 22: How to Know if You Are Wrong 181

Chapter 23: Sometimes Being Wrong Is Good 185

Chapter 24: When to Sell 189

Chapter 25: Bear Markets 201

Chapter 26: A Word About Your Ego 205

Part V: Tools and Case Studies 207

Chapter 27: What Do I Really Need to Get Started? 209

Chapter 28: Building Your Technical Toolbox 215

Chapter 29: Final Advice 221

Chapter 30: Case Study-The Perfect World 223

Chapter 31: Case Study-The Real World 231

Chapter 32: How Good Is Your Broker's Stock? 245

Part VI: Further On Down the Road 251

Chapter 33: Introduction to Candlesticks 253

Chapter 34: Cycles 263

Chapter 35 Elliott Waves 267

Chapter 36: Technical Terms You May Have Heard 271

Chapter 37: Debunking the TV Analyst 289

Fun with Jargon 293

Closing Thoughts 301

Index 303
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Review quote

Top technical analyst and Barron's Online columnist Kahn demystifies technical analysis.

While many investors view technical analysis as a mystical "tea-leaf reading" process, "this could not be further from the truth," says the author, in the second edition of this handy guide to technical analysis. Indeed, Kahn teaches investors how to bring clarity and objectivity to their market decisions by augmenting their fundamental research with the use of technical analysis. Beginning with a general overview of the subject, the author then moves on to the core concepts of chart analysis and the various facets of the investment process. Finally, he covers more advanced topics like candlesticks, cycles and Elliot waves, and also explains common technical terms and jargon and how to identify patterns, listen to the market and "reality check" broker recommendations.

Investors will appreciate this straightforward and clear guide to technical analysis.

--Kirkus Reports, Vol. 3, Issue 3 (March 31, 2006)
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About Michael Khan

Michael N. Kahn has been charting the markets for more than two decades as a product designer, analyst, and teacher. He writes extensively for wide investment audiences, both in his proprietary newsletter Quick Takes Pro and in columns for Barron's Online and was formerly the chief technical analyst for BridgeNews, a division of Bridge Information Systems, a leading source of global financial information, transaction and network services.

Kahn is a widely sought-after guest on financial television networks for both his accuracy and his ability to clearly explain markets. He is a board member of the Market Technicians Association, and author of Technical Analysis Plain and Simple, First Edition (FT Prentice Hall) and Real World Technical Analysis (CRB Publishing).
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41 ratings
3.34 out of 5 stars
5 15% (6)
4 32% (13)
3 32% (13)
2 17% (7)
1 5% (2)
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