Over the last decade I have met many of the top technical analysis "gurus" as well as
shared experiences with thousands of newcomers. The common element I've discovered among
investors who use technical analysis, regardless of their expertise, is the desire to learn
No single book, nor any collection of books, can provide a complete explanation of
technical analysis. Not only is the field too massive, covering every thing from Federal
Reserve reports to Fibonacci Arcs, but it is also evolving so quickly that anything written
today becomes incomplete (but not obsolete) tomorrow.
Armed with the above knowledge and well aware of the myriad of technical analysis books
that are already available, I feel there is a genuine need for a concise book on technical
analysis that serves the needs of both the novice and veteran investor. That is what I
have strived to create.
The first half of this book is for the newcomer. It is an introduction to technical
analysis that presents basic concepts and terminology. The second half is a reference that
is designed for anyone using technical analysis. It contains concise explanations of
numerous technical analysis tools in a reference format.
When my father began using technical analysis thirty years ago, many people considered
technical analysis just another 1960's adventure into the occult. Today, technical
analysis is accepted as a viable analytical approach by most universities and brokerage
firms. Rarely are large investments made without reviewing the technical climate. Yet
even with its acceptance, the number of people who actually perform technical analysis
remains relatively small. It is my hope that this book will increase the awareness and use
of technical analysis, and in turn, improve the results of those who practice it.
"Information is pretty thin stuff, unless mixed with experience."
---Clarence Day, 1920