THE MODERN, ACTION-ORIENTED, AND PRACTICAL GUIDE TO TREND ANALYSIS: POWERFUL TECHNIQUES FOR MORE SUCCESSFUL TRADING! Go beyond merely tracking and reacting: use technical signals to predict market action more successfully Gain a profound and practical understanding of price direction Learn visually and intuitively through easy-to-understand charts, graphs, examples, and highlighted key points For every serious trader, investor, and portfolio manager Now there's a modern, action-oriented guide to trend analysis and prediction for every experienced trader. While other books focus solely on technical price movement, this one helps you understand the trend itself, so you can manage market risks far more effectively. Michael C. Thomsett helps you systematically deepen your insights into price change, so you can go far beyond mere trend "following." He introduces advanced analytical tools for recognizing how risks evolve as trends proceed; distinguishing strong and weak trends; objectively evaluating the health of a stock's current price level, trading breadth, and technical condition; and anticipating plateaus, slowdowns, or reversals. You'll find up-to-date coverage of trend theory, resistance and support, trendlines and channel lines, patterns and confirmations, broadening and narrowing trends, price gaps, and trend movement based on volume, moving averages, and momentum. If you already know the basics of technical analysis, this guide will take you to the next level: improving your confidence in timing any trade and in making every buy/hold/sell decision. This is a serious study of trends for experienced investors and traders who want better ways to predict trend direction, strength, and duration.
Michael C. Thomsett shows how to use multiple technical tools to anticipate trend reversals or continuations, confirm or contradict anticipated price moves, and strengthen confidence in all your trading decisions. First, Thomsett begins by reviewing the basic theories about trends and assessing their reliability in helping you time entry or exit. Next, he offers a comprehensive library of tested techniques for improving the accuracy and reliability of all your trend analyses. You'll learn to use trading range borders to test a trend's strength; successfully identify and analyze reversal patterns, continuation patterns, and confirmation; and gain deeper insight into consolidation and volume. Thomsett shows how to use gaps and moving averages to anticipate trend movement, uncover the full implications of momentum oscillators, glean more useful indications from volatility, link fundamental and technical trends, and integrate multiple indicators to track a trend's evolution over time. Whether you're a short-term swing trader or a long-term portfolio manager seeking to mitigate risk, you need to know these tools--and use them. Overcome the invisible risks of conventional "trend following" Understand the trend itself, not just technical price movement Understand resistance and support: the trend's moment of truth Use technical indicators to clarify any trend's shape, strength, and longevity Confirm what you think you know: the secret of trading discipline Improve timing and performance via strong or multiple confirmations Improve predictions by combining technical and fundamental analysis Transform better information into lower risks and higher profit potential.