Filed under Book Review, Finance, Fun, General, a little about life
Full Title: Technical Analysis Of The Financial Markets, A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
Get it cheap.
Summary: As the title states this seems to be a ‘comprehensive guide’ to Technical Analysis – the use of charts and volume to predict, track, and profit from the stock market. (As opposed to Fundamental Analysis – the use of financial statements). Murphy goes into detail about the various techniques to using Technical Analysis such as Dow Theory, chart trends, moving averages, head and shoulders…
What I thought: In hopes to learn more about personal finance which is a New Years Resolution and a Mid Year Resolution, I picked up this book. At first it was pretty interesting learning how to determine various peaks and troughs in the charts in order to make a profit. (I will keep the argument of Fundamental v. Technical for another day.) Then I read more and more and was able to get the gist of any chapter in the first few pages if not the first few paragraphs. Would I suggest this to somebody who was interested in Technical Analysis? Well maybe, but I would tell him or her to read the Wikipedia article first; it seems to be more in depth and free.