This is the guide technicians turn to for answers - tuned up to provide an advantage in today's global ecomy. The face of investing has significantly changed in the 30 years since this book's first publication, but one essential component of the markets has t - human behavior. Whether you're trading cornerstone commodities or invative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today's complex markets by tailoring your application of this powerful tool. Tens of thousands of individual and professional investors have used the guidance in this book to grow their wealth by understanding, interpreting, and forecasting significant moves in both individual stocks and entire markets. This new edition streamlines its time-hored, profit-driven approach, while updating every chapter with new examples, tables, charts, and comments that reflect the real-world situations you encounter in everyday trading. Required reading among many professionals, this authoritative resource w features: brand-new chapters that analyze and explain secular trends with unique technical indicators that measure investor confidence, as well as an introduction to Pring's new Special K indicator; expanded coverage on the profit-making opportunities ETFs create in international markets, sectors, and commodities; and Practical advice for avoiding false, contratrend signals that may arise in short-term time spans; and additional material on price patterns, candlestick charts, relative strength, momentum, sentiment indicators, and global stock markets. Properly reading and balancing the variety of indicators used in technical analysis is an art, and other book better illustrates the repeatable steps you need to take to master it. When used with patience and discipline, Technical Analysis Explained, Fifth Edition, will make you a better decision maker and increase your chances of greater profits.
Martin J. Pring is the chairman of Pring Turner Capital groups as well as the strategist for the Pring Turner Business Cycle ETF (symbol DBIZ). He is the founder of Pring.com, which provides research for financial institutions and individual investors around the world. The site also features a 15+ hour interactive online video training course on technical analysis. Since 1984, he has published the InterMarket Review, a monthly market review offering a long-term synopsis of the world's major financial markets, and, in 2013, he joined Golden Gate University as an adjunct professor teaching a virtual graduate-level course on technical analysis.