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4 of 4 people found the following review helpful
4.0 out of 5 stars Technically Complete / Fundamentally Inferior
Because of the amount of money that flows around the financial markets these days a lot of publishers and/or writers have seen the opportunity to try and sell the secret or reveal the truth. Trying to find a decent book in the field of finance really is like searching for a needle in a haystack; perhaps this is because the best wisdom in the industry is generally found on...
Published 18 months ago by Amazon Customer

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12 of 13 people found the following review helpful
3.0 out of 5 stars Pedantic and Dry, Mostly Impractical.
I bought this book based on some of the reviews here on Amazon. The book is very thoroughly researched, with many citations and scholarly references, but it's precisely this, which is problematic. The book seems to be written for academics, by academics. While it covers a broad range of technical analysis topics, as it is strongly focused on the literature, and on various...
Published on 20 Feb. 2010 by A. Fabrizio


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4 of 4 people found the following review helpful
4.0 out of 5 stars Technically Complete / Fundamentally Inferior, 23 July 2013
By 
Amazon Customer (London, UK) - See all my reviews
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Because of the amount of money that flows around the financial markets these days a lot of publishers and/or writers have seen the opportunity to try and sell the secret or reveal the truth. Trying to find a decent book in the field of finance really is like searching for a needle in a haystack; perhaps this is because the best wisdom in the industry is generally found on the job and not in the book!

There is an exception though: Technical Analysis - this is an academic discipline in its own right and deserves your attention if you cared at all about the financial markets and why/how they move. There are two general approaches to financial markets: (1) Fundamental (2) Technical - the tricky bit is that they are not both independent of each other. These books on technical analysis draw out the distinctions and then home in on why technical analysis is king.

In a nutshell: The price is the price!....

It doesn't matter how much all your models tell you that Gold (or whatever asset is/isn't should/shouldn't be in vogue now) if the market is buying/selling then you have to respect the flow of the river - and that is what technical analysis does; look at the flow, or more appropriately look for the TRENDS. It's just like following fashion. One key thing to learn about financial markets is that markets are not rational beings and the market does not follow the Efficient Market Hypothesis (EMH) - this is great news though, because with Technical Analysis you are armed with a toolbox to identify the flow of the river, jump in at the right time and then get out before the water runs dry. This book gives you the toolbox - experience and wisdom will only help you with identifying which tools to use in which places.

Kirkpatrick & Dahlquist is layed out as follows:

Part I (Introduction) (1) Introduction to Technical Analysis (2) The Basis Principle of Technical Analysis - The Trend (3) History of Technical Analysis (4) The Technical Analysis Controversy

Part II (Markets and Market Indicators) (5) An Overview of Markets (6) Dow Theory (7) Sentiment (8) Measuring Market Strength (9) Temporal Patterns and Cycles (10) Flow of Funds

Part III (Trend Analysis) (11) History and Construction of Charts (12) Trends - The Basics (13) Breakouts, Stops, and Retracements (14) Moving Averages

Part IV (Chart Pattern Analysis) (15) Bar Chart Patterns (16) Point and Figure Chart Patterns (17) Short-Term Patterns

Part V (Trend Confirmation) (18) Confirmation

Part VI (Other Technical Methods and Rules) (19) Cycles (20) Elliott, Fibonacci and Gann

Part VII (Selection) (21) Selection of Markets and Issues

Part VIII (System Testing and Management) (22) System Design and Testing (23) Money and Risk Management

Whilst this book covers all the major areas of technical analysis (even some of the quirky point and figure and gann analysis) it does not necessarily explain the subject as well or concisely as some other books. I have listed below some other important reads in the subject - if i had to get just one book I would choose the Murphy "bible" as it is known.

There is also alot of irrelevant material in this book in my opinion i.e. (what type of markets / market breadth / flow of funds / point and figure / Gann

The key (most current) areas to focus on: Dow Theory / Trend / Sentiment / Patterns - Supports and Resistances / Fibonacci / Money Management

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications: Study Guide (New York Institute of Finance) - For the best of the basics - the oldest and most successful

Cloud Charts: Trading Success with the Ichimoku Technique - To get a better feel for trend following

Trader Vic: Methods of a Wall Street Master - A legend

Market Wizards: Interviews with Top Traders / Hedge Fund Market Wizards - And trading wisdom
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12 of 13 people found the following review helpful
3.0 out of 5 stars Pedantic and Dry, Mostly Impractical., 20 Feb. 2010
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I bought this book based on some of the reviews here on Amazon. The book is very thoroughly researched, with many citations and scholarly references, but it's precisely this, which is problematic. The book seems to be written for academics, by academics. While it covers a broad range of technical analysis topics, as it is strongly focused on the literature, and on various measurement criteria validating or refuting the literature, it offers little to someone who is dealing with the dynamics of actual markets, and the price and volume movements of stocks. I don't mean to suggest the book is without value; it's just that you can read an entire passage on a topic, and realize that it could have been digested down to a few lines - the remainder is superfluous (from the perspective of one seeking 'practical knowledge' on technical analysis). I think there are general guides to technical analysis which are significantly better, and more geared to active investors, namely Edwards and MacGee's Technical Analysis of Stock Trends, and, Murphy's Technical Analysis of the Financial Markets. Both of these texts pre-date this text, and are established standards on this subject matter.
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2 of 2 people found the following review helpful
4.0 out of 5 stars Well written, 1 Oct. 2009
By 
V. Khanna "VK" (New Zealand) - See all my reviews
(REAL NAME)   
This is a comprehensive book for anyone wanting to learn Technical analysis. The language is easy but detailed.

Some knowledge of financial markets is needed to get the most out of it.

The book also serves as a constant reference.
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1 of 1 people found the following review helpful
2.0 out of 5 stars Outdated academic analysis, not practical., 19 Jan. 2014
This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
This book is written for the academic. It is a reference manual of historical developments in technical analysis. It is not for anyone looking to practically implement technical analysis in the modern markets of todays era. I write this as an investment professional, investing daily in markets for the last 15 years.
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5 of 6 people found the following review helpful
4.0 out of 5 stars Comprehensive, 6 April 2009
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Its an excellent compendium and a good point from which to go into a lot more depth. It gives statistical information that will help you understand the probabilites of a particular technical pattern making you money.

And whilst its been written by a technical analysis 'geek' - there is constant reference and guidence on what has the greateer probabilities of working in your favour.
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4.0 out of 5 stars provide very good insight to technical analysis for beginners, 18 July 2013
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This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
Do recommend to beginner who is interest in technical analysis, but it should be sold with study guild, bot separate
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5.0 out of 5 stars A more rigurous update on the field, 1 Mar. 2013
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This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
This text provides a written and researched update on Technical Analysis and is rare in its coverage of the subject from the ususal texts. I particularly liked the sections on Sentiment Indicators.

If you were to only have one text buy this one.
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5.0 out of 5 stars 5 STAR BOOK, 2 Feb. 2013
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This review is from: Technical Analysis: The Complete Resource for Financial Market Technicians (Hardcover)
Its Master Piece...I just love this book..its master Piece..explained the technical analysis world with so simple and all charts and history ,its must for CMT exam preparations
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3 of 4 people found the following review helpful
5.0 out of 5 stars A very helpful guide, 2 July 2009
By 
Nikolaos Liapis (Greece) - See all my reviews
(REAL NAME)   
This book was like nothing else i have read on Tech.An. As a new trader i found that book to have amazing depth and detail about almost every aspect of the T.A A very "serious" book, and for me a guide for future trading techniques.
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5.0 out of 5 stars good, 1 April 2010
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B. Sonmez (london uk) - See all my reviews
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i think for a new beginner who dont know anything about the subject its very easy to understand and learn.
you can have a view on technical analysis once you read this book it shows you all basics you should know.
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