Summary of New Thinking in Technical Analysis

Trading Models from the Masters

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New Thinking in Technical Analysis book summary
Tools of the techs: Candle charts, Elliott Wave, retracements, tests and breakouts.

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9 Applicability

8 Innovation

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Review

In this compilation edited by Morgan Stanley Dean Witter technical strategist Rick Bensignor, a dozen financial experts discuss their individual approaches to technical analysis of the stock market. In the first chapter, equities, options and futures trader Linda Bradford Rasche explains swing trading and the underlying principles of technical analysis, thus providing an important primer for understanding the theories in the rest of the book. This is a complex read, since technical analysis involves using various mathematical systems to examine market trends and swings. Those who follow the market closely will find this engrossing, but amateurs could be daunted. getabstract recommends the book to serious students of the markets - It’s not for the casual browser or those who are not mathematically inclined, but its targeted readers will be quite satisfied.

In this summary, you will learn

  • What swing trading is
  • How swing traders choose more winners than losers
  • What the four long-standing, quantifiable principles of price behavior are
  • How you can monitor and predict trends in the market
 

Summary

Swing Trading and Technical Analysis
Equities, options and futures trader Linda Bradford Rasche explains that the two major methods of forecasting stock market movements are the fundamental method and the technical method. When you study the market based on fundamental factors, you analyze...
Get the key points from this book in less than 10 minutes.

About the Author

Editor Rick Bensignor  is a vice president and senior technical strategist at Morgan Stanley Dean Witter. He is also an adjunct professor at New York University’s School of Continuing and Professional Studies, where he teaches technical analysis. For 14 years, he worked as a floor trader on several New York futures exchanges. Subsequently, he served as Bloomberg LP’s senior product specialist for technical analysis, futures and commodities.


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