Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points

Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points

by Martin J. Pring

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Recommended for professional certification by the Market Technician's Association

The Original­­and Still Number One­­Technical Analysis Answer Book

Technical Analysis Explained, 4th Edition, is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.

Completely revised and updated for the technologies and trading styles of 21st century markets, it features:

  • Technical indicators to predict and profit from regularly occurring market turning points

  • Psychological strategies for intuitively knowing where investors will seek profits­­and arriving there first!

  • Methods to increase your forecasting accuracy, using today's most advanced trading techniques

Critical Acclaim for Previous Editions:

"One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948.... Belongs on the shelf of every serious trader and technical analyst."


"...Technical Analysis Explained [is] widely regarded as the standard work for this generation of chartists."


Traders and investors are creatures of habit who react­­and often overreact­­in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future. Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs.

Since its original publication in 1980, and through two updated editions, Martin Pring's Technical Analysis Explained has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks. Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies, this comprehensively revised fourth edition provides new chapters on:

  • Candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders

  • Expanded material on momentum­­including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic

  • Expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow

  • Relative strength, an increasingly important and until now underappreciated arm of technical analysis

  • Application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing

Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark Technical Analysis Explained provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.

Product Details

ISBN-13: 9780071816199
Publisher: McGraw-Hill Education
Publication date: 03/13/2002
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 560
Sales rank: 1,003,471
File size: 40 MB
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About the Author

Martin J. Pring is the highly respected president of Pring Research (, editor of the newsletter The Intermarket Review, and one of today's most influential thought leaders in the world of technical analysis. The author of McGraw-Hill's Martin Pring on Technical Analysis series, Pring has written more than a dozen trading books and has contributed to Barron's and other national publications. He was awarded the Jack Frost Memorial Award from the Canadian Technical Analysts Society.

Table of Contents

Part I: Trend-Determining Techniques. Market Cycle Model. Financial Markets and the Business Cycle. Dow Theory and Peak and Through Progression. Typical Parameters for Intermediate-Term Trends. Price Patterns. Flags, Pennants, Wedges, and Gaps. Trendlines. Moving Averages. Momentum. Momemtum II. Point and Figure Charting. Miscellaneous Techniques for Determining Trends. Putting the Techniques Together: An Analysis of the Dow Jones Utility Average, 1962-1969. Part II: Market Structure. Price: The Major Averages. Price: Group Rotation. Time: Longer-Term Cycles. Time: Practical Identification of Cycles. Volume. Breadth. Part III: Interest Rates and the Stock Market. Why Interest Rates Affect the Stock Market. Short-Term (Money Market) Interest Rates. Long-Term Interest Rates. Part IV: Other Aspects of Market Behavior. Sentiment Indicators. Speculative Activity in the Stock Market. Automated Trading Systems. Utility Average and Putting the Indicators Together. Part V: Specific Financial Markets. Technical Analysis of International Stock Markets. Technical Analysis of Individual Stocks. Technical Analysis of Gold. Technical Analysis of Currencies. Technical Analysis of Commodity Markets. Epilog. Appendix: The Elliott Wave Principle. Glossary. Bibliography.

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Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points 4.5 out of 5 based on 0 ratings. 2 reviews.
Guest More than 1 year ago
This is a good book as an itnroduction to technical analysis as seen from a complete novice in this area. Some basic financial terminology is assumed. It has future reference value as something you can keep going back to to refresh yourself.
Nisha1978 More than 1 year ago
This book has not yet been received by the recipient.