Technical Analysis from A to Z: Covers Every Trading Tool...from the Absolute Breadth Index to the Zig Zag

by Steven B. Achelis

Book Overview

Millions of traders participating in today s financial markets have shot interest and involvement in technical analysis to an all-time high. This updated edition of Technical Analysis from A to Z... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0071363483
• ISBN13: 9780071363488
• Release Date: October 2000
• Publisher: McGraw-Hill Companies
• Length: 380 Pages
• Weight: 1.96 lbs.
• Dimensions: 1.3" x 7.5" x 9.6"

Customer Reviews

Dictionary with concise commentary and examples

Extremely pleased with the purchase and reading experience. The book covers everything I know about and much more that I didn't. I was able to make oscillators, from the explanations given, on excel and was able to make the charts. The Chande Momentum Oscillator is an added, and needed, tool for my analysis for investment. I bought this book because it was the one called out in the Yahoo charts trying to explain the Stoch Oscillator; which, I wanted to understand, and now do.

The Quintessential Reference Book

Ever wonder what all those proper names and strange looking acronyms mean when you look at the choices of technical indicators available on most web sites today?Steven B. Achelis, founder of EQUIS and creator of MetaStock has compiled the quintessential reference book for technical analysis covering practically every indicator known to mankind. But if there is one thing to imprint onto your brain from this book, it is contained in pages covering the subject "Support and Resistance." In all my years of floor trading, I have never seen anything more valid in price trend analysis than this horizontal (support) line connecting previous tops which once surmounted becomes the floor for the next move up. Achelis calls the pullback after breakout "trader's remorse" and it is the ideal place to buy into a strong stock in a strong industry. His several graphs depicting this pattern couldn't be more precise. The pictures are worth a thousand words. Armed with only this bit of technical knowledge, an investor would improve the odds of profitability many times over by merely subjecting every potential purchase to this test pattern. I take it that because Achelis spent about 5 times as much material on this one concept as he did the other indicators, he agrees that this is truly one of the most important theories in technical analysis.The rest of the book is devoted to short descriptions of what various indicators mean, how they area calculated, and how they are used. This is especially useful when subscribing to any of the numerous web sites that now carry dozens of indicators. Keep the book close to the computer to have it as a ready reference. I doubt if you will find more detailed information in any other source.

Many of these reviews must be for the first edition

In reading the few negative comments on this book, I have got to believe they were for the FIRST edition. How can these folks say the math isn't shown?!?! The SECOND edition has detailed math for almost every indicator. I've never seen another book on technical analysis with information on calculating so many indicators. This is the encylopedia of technical analysis--it doesn't have everything, but you can't live without it.

Great reference to the numerous technical indicators

This book was a great reference of the numerous technical indicators in use today. It gives brief examples of how use these various indicators. This book was not meant to give a comprehensive explanation of the "why's" of technical analysis. It already assumes that the reader already has an understanding of technical analysis. Readers who are just starting out in technical analysis should read books like "Technical Analysis Explained" by Martin Pring, or "Technical Analysis of the financial markets" by John Murphy. Both of these are textbook-style so give yourself at least a month to absorb all the material. Overall, Tech from AtoZ is a great reference tool.

Perfect as a beginner's guide as well as a desktop reference

This book serves well as a one-shot reference to the vast array of technical indicators, and perhaps this is the only single book that can claim to have achieved this. The mathematical level is kept simple and accessible to all, even though I would have preferred to see more formulas of the complicated indicators that got skipped (like Swing Index). Surprisingly, the formula for the highly popular Relative Strength Index is not amplified on. Nevertheless, this is *the* starting book for the beginner as well as a means of introduction into more complex indices. The book introduces the reader to all fundamental market concepts and "forces" with amazing simplicity and lucidity without sacrificing accuracy.