by Michael N . Kahn C M T (Author)
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.
Format: Hardcover
Pages: 352
Edition: 2
Publisher: Financial Times/ Prentice Hall
Published: 02 Jun 2006
ISBN 10: 0131345974
ISBN 13: 9780131345973
Book Overview: 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.
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)
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).