Contents

Preface

Acknowledgments

About the Author

CHAPTER 1 Introduction to the Art and Science of Technical Analysis

1.1 Main Objective of Technical Analysis

1.2 Dual Function of Technical Analysis

1.3 Forecasting Price and Market Action

1.5 Subjectivity in Technical Analysis

1.6 Basic Assumptions of Technical Analysis

1.7 Four Basic Assumptions in the Application of Technical Analysis

1.8 Market Participants

1.9 Chapter Summary

Chapter 1 Review Questions

CHAPTER 2 Introduction to Dow Theory

2.1 Origins and Proponents of Dow Theory

2.2 Basic Assumptions of Dow Theory

2.3 Challenges to Dow Theory

2.4 Chapter Summary

Chapter 2 Review Questions

CHAPTER 3 Mechanics and Dynamics of Charting

3.1 The Mechanics and Dynamics of Charting

3.2 Gap Action: Four Types of Gaps

3.3 Constant Chart Measures

3.4 Futures Contracts

3.5 Chapter Summary

Chapter 3 Review Questions

CHAPTER 4 Market Phase Analysis

4.1 Dow Theory of Market Phase

4.2 Chart Pattern Interpretation of Market Phase

4.3 Volume and Open Interest Interpretation of Market Phase

4.4 Moving Average Interpretation of Market Phase

4.5 Divergence and Momentum Interpretation of Market Phase

4.6 Sentiment Interpretation of Market Phase

4.7 Sakata's Interpretation of Market Phase

4.8 Elliott's Interpretation of Market Phase

4.9 Cycle Analysis Interpretation of Market Phase

4.10 Chapter Summary

Chapter 4 Review Questions

CHAPTER 5 Trend Analysis

5.1 Definitions of a Trend

5.2 Quality of Trend: 16 Price Characteristics Impacting Future ...

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