"Without question, some people have made astonishing amounts of money from studying share price charts and foretelling whether share prices would rise or fall. It is equally certain that further astonishing amounts of money have been lost in the same exercise." Alistair BlairCharting is a complex and sometimes derided world, but one that nonetheless commands an enormous following. Some basic knowledge of charting is essential for any keen investor, and this fully revised and updated edition of Alistair Blair's Guide to Charting is the independent, introductory overview of technical analysis for the private investor. Guide to Charting is packed with purpose-drawn charts and worked examples, and explains in detail how charting theories work. Written with the private investor's viewpoint in mind the book's coverage will give you all that you need to start practising technical analysis and, unlike other books on the subject, will also interest the more sophisticated, experienced practitioner by:Comparing technical analysis with fundamental analysis Examining the records of some of charting's most renowned exponents Applying technical analysis to recent FTSE company price charts Providing alternative interpretations of `live' charts Identifying both successful and failed recommendations by professional chartists
Alistair Blair is the No Free Lunch columnist for the Investors Chronicle magazine and writes about business and investment for many other publications. In 1999, he was voted the Periodical Publishers' Association's Business Writer of the Year. After reading PPE at Oxford and completing an MBA at Manchester Business School, Alistair gained practical experience of the City by working at Hill Samuel and Fidelity.
1. The art of the chart fundamental analysistechnical analysispatterns and profitsoptions, futures and indexeschartists do it up and downbuyers, sellers, greed, fear and psychology2. The trend is your friend: basic components of any price charttrendstrend linesmoving averagesscales3. The head and shoulders and friends words of warning on the classic patternsreversal patterns - topsreversal patterns - bottomscontinuation patterns4. The supporting cast: secondary signals to support the main conclusionvolumerelative strength or share price relativesbreadth and the advance / decline linemomentumwelles wilder's RSIstochasticmoving average convergence-divergence (MACD)5. The technique from Japan: an introduction to candlestick chartingbodies and shadowscandlestick patternswindowsjack schwager's tests6. Is the price moving? Really moving?: point and figure charts how to compile a point and figure chart trend lines and trading signalsthe count7. A quick guide to chartist gospels fibonaccielliot wave theoryganncoppock8. Whoever made money from charting? jesse livermorevictor sperandeomonroe troutstanley krollanthony boltoncrispin odey9. A modest grapple with real life (a look at real charts) not a scientific testa sprinkling of expert viewsa sympathetic hearinghow to use this chapterrandomness is restrictedget a system and look twice10. Will it work for you?two chartswhat works for the professionalsjust the gold-plated signalsor dime-a-dozennot needing to understand but needing to changeshould professional chartists be rich?and fundamentalists?and you?11. Net gains for Charting: what the internet can do for chartistsobliging online brokerscommunity offeringsgold standardbreathless in the US - platinum standardnet advice GlossaryFurther ReadingIndex