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expired Posted by phoinix | Staff • 3d ago
expired Posted by phoinix | Staff • 3d ago

Technical Analysis of the Financial Markets (eBook)

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Amazon has Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy (Kindle eBook) on sale for $1.99.

Apple Books has Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy (eBook) on sale for $1.99.

Thanks to Deal Hunter phoinix for sharing this deal.

About this book:
  • John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

Editor's Notes

Written by qwikwit | Staff
  • This book is rated 4.7 out of 5 stars based on over 2,400 Amazon customer ratings.
  • Prime Members may redeem any earned 'No Rush Shipping' credits to purchase this item (check your balance).
  • Don't have Amazon Prime? Students can get a free 6-Month Amazon Prime trial with free 2-day shipping, unlimited video streaming & more.
  • If you're not a student, there's also a free 1-Month Amazon Prime trial available.

Original Post

Written by phoinix | Staff
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Community Notes
About the Poster
Amazon has Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy (Kindle eBook) on sale for $1.99.

Apple Books has Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy (eBook) on sale for $1.99.

Thanks to Deal Hunter phoinix for sharing this deal.

About this book:
  • John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

Editor's Notes

Written by qwikwit | Staff
  • This book is rated 4.7 out of 5 stars based on over 2,400 Amazon customer ratings.
  • Prime Members may redeem any earned 'No Rush Shipping' credits to purchase this item (check your balance).
  • Don't have Amazon Prime? Students can get a free 6-Month Amazon Prime trial with free 2-day shipping, unlimited video streaming & more.
  • If you're not a student, there's also a free 1-Month Amazon Prime trial available.

Original Post

Written by phoinix | Staff

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Top Comments

Felt like this book was trying too hard to sound smart without actually saying much. Lots of fluff, not enough real-world value. Could have just been a blog post.
Just overall recycled advice with no real depth. Kinda wild too, considering the author tanked a few businesses before finally "making it" with something that smells a little like a Ponzi scheme.
As an FYI to people who might be interested in learning more about financial markets, and how this book could slot into it;
When attempting to make money via publicly-traded assets, the basic premise is that you want to find a mismatch between its current price, and what is it actually worth. In theory, those two things should be the same if everyone had perfect information and perfect insight. I.e. that markets are basically efficient, where information spreads rapidly, and investors reach the same rationale conclusions given that data. This theory is broadly known as the Efficient Market Hypothesis.

How then, can one make money?

One method, is by being the first or most clever to spot and synthesize new information. You can pour over a company's financial statements, read reporting, try to connect other dots from disparate sources of information no one has thought of using some special insight or skill that you have, and use that to forecast the company's future performance. If you project that they are going to do better than the market consensus, the price of their stock may rise once everyone else figures out the same thing you did, or the actual results come in. If you bought the stock when it was low, you can enjoy the gains that others missed. This method, of examining the basic publicly available information and trying to find novel insight into it to correctly price an asset, is known as Fundamental Analysis.

But Fundamental Analysis is hard and time consuming. How often do you read a company's annual shareholders report in full? Or sat in on an analysts call? Or read an industry report? Or listened exhaustively to talks or interviews given by their executives? If the answer is "seldom" or "never", then you've got a problem; there are banks, hedge funds, and private investors with entire departments dedicated to these tasks. For some analysts, understanding this picture of a company from the outside is their full-time job. If the premise of Fundamental Analysis is to find a special insight that others have missed in the data, you as an individual are unlikely to realistically outwit or outpace the competition in a race where milliseconds matter.

One alternative then, is try to compete not on the basis of superior analysis and pricing of capital assets. But instead, to trade on the psychology of market participants. As I mentioned above, one of the reasons markets aren't truly efficient is that not everyone has access to the same information or insights at the same time. Another reason why is because market participants aren't necessarily rational. They trade on bad information, or on instinct, or on hopes and dreams, or fears and anxieties. They may make decisions on things like favoring round numbers; "I'll buy the stock if it falls down to $10", even if $9.76 is the true fair market value, or "I think the stock can hit $100, so I won't sell until then", even if the maximum fair price is really $99. Individual psychology becomes group psychology.

The question becomes, if group psychology and behavioral economics are predictable fields of study with a firm scientific basis and repeatability, then can one develop tools to consistently evaluate how these behaviors translate into decisions by investors in the market, and therefore be a useful predictor of asset prices? Some say yes, and the study of markets in this light and the tools developed to do so, are broadly referred to as Technical Analysis. Effectively, applying pattern recognition to market data to predict future price movement and get ahead of it to make money. Technical Analysis purports to answer questions like - "what does a stock market crash look like, and what behaviors are visible in stock prices before it occurs?", or "how does a day with bad news make investors skittish versus greedy?", or "can you spot a pattern of trades being made by investors who want to cash out before they go on Christmas vacation?"

Now, does it work? That's controversial. The premise is that you can look at the historical price movement of a stock to make an inference about the psychology that is driving it. But that interpretation can be wrong, and is only as good as the information you have to explain it. For example, if a large investor in a company suddenly liquidates all of their holdings, a Technical Analysis approach might tell you that this is a clear indication that an insider is trying to get out because they anticipate major under performance of the company. Know that this is coming, you might decide to short the stock, expecting other investors will by rushing to sell as well. But for all you know, the insider got divorced and needed cash to fund a settlement, and the company is sound.

That in mind, one shouldn't treat Technical Analysis as a secret code to cracking the markets and making money. There are plenty of charlatans or other influencers out there who might try to convince you otherwise, and induce you to buy watch/read/buy their content or make trades based on their advice, using the trappings of Technical Analysis to pull the wool over your eyes. Technical Analysis is best seen as a curiosity or another tool in one's tool belt. If you want to buy this book, go into it treating it that way.
The only way to consistently make money in the market by technical analysis is to write a book about technical analysis.

13 Comments

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2d ago
798 Posts
Joined May 2016
2d ago
omar10wahab
2d ago
798 Posts

Our community has rated this post as helpful. If you agree, why not thank omar10wahab

Felt like this book was trying too hard to sound smart without actually saying much. Lots of fluff, not enough real-world value. Could have just been a blog post.
Just overall recycled advice with no real depth. Kinda wild too, considering the author tanked a few businesses before finally "making it" with something that smells a little like a Ponzi scheme.
8
Pro
2d ago
6,267 Posts
Joined Sep 2014
2d ago
MostBased
Pro
2d ago
6,267 Posts

Our community has rated this post as helpful. If you agree, why not thank MostBased

Quote from omar10wahab :
Felt like this book was trying too hard to sound smart without actually saying much. Lots of fluff, not enough real-world value. Could have just been a blog post.
Just overall recycled advice with no real depth. Kinda wild too, considering the author tanked a few businesses before finally "making it" with something that smells a little like a Ponzi scheme.

Glad I'm not the only one who found this book underwhelming.
2
2d ago
795 Posts
Joined May 2006
2d ago
Jackalope
2d ago
795 Posts
The only way to consistently make money in the market by technical analysis is to write a book about technical analysis.
2d ago
12 Posts
Joined May 2012
2d ago
sano
2d ago
12 Posts
Ah "Technical Analysis of the Financial Markets" - the quickest way to become a millionaire.....from a multimillionaire.
2d ago
6 Posts
Joined Dec 2018
2d ago
NeatRose9676
2d ago
6 Posts
this will help you lose a lot of money.
2d ago
336 Posts
Joined Nov 2013
2d ago
AlexW7764
2d ago
336 Posts
"Publication date: January 1, 1999". 25 years ago?
Last edited by AlexW7764 April 29, 2025 at 07:55 AM.
2d ago
145 Posts
Joined Jun 2017
2d ago
ImJustHereForTheDeal
2d ago
145 Posts

Our community has rated this post as helpful. If you agree, why not thank ImJustHereForTheDeal

As an FYI to people who might be interested in learning more about financial markets, and how this book could slot into it;
When attempting to make money via publicly-traded assets, the basic premise is that you want to find a mismatch between its current price, and what is it actually worth. In theory, those two things should be the same if everyone had perfect information and perfect insight. I.e. that markets are basically efficient, where information spreads rapidly, and investors reach the same rationale conclusions given that data. This theory is broadly known as the Efficient Market Hypothesis.

How then, can one make money?

One method, is by being the first or most clever to spot and synthesize new information. You can pour over a company's financial statements, read reporting, try to connect other dots from disparate sources of information no one has thought of using some special insight or skill that you have, and use that to forecast the company's future performance. If you project that they are going to do better than the market consensus, the price of their stock may rise once everyone else figures out the same thing you did, or the actual results come in. If you bought the stock when it was low, you can enjoy the gains that others missed. This method, of examining the basic publicly available information and trying to find novel insight into it to correctly price an asset, is known as Fundamental Analysis.

But Fundamental Analysis is hard and time consuming. How often do you read a company's annual shareholders report in full? Or sat in on an analysts call? Or read an industry report? Or listened exhaustively to talks or interviews given by their executives? If the answer is "seldom" or "never", then you've got a problem; there are banks, hedge funds, and private investors with entire departments dedicated to these tasks. For some analysts, understanding this picture of a company from the outside is their full-time job. If the premise of Fundamental Analysis is to find a special insight that others have missed in the data, you as an individual are unlikely to realistically outwit or outpace the competition in a race where milliseconds matter.

One alternative then, is try to compete not on the basis of superior analysis and pricing of capital assets. But instead, to trade on the psychology of market participants. As I mentioned above, one of the reasons markets aren't truly efficient is that not everyone has access to the same information or insights at the same time. Another reason why is because market participants aren't necessarily rational. They trade on bad information, or on instinct, or on hopes and dreams, or fears and anxieties. They may make decisions on things like favoring round numbers; "I'll buy the stock if it falls down to $10", even if $9.76 is the true fair market value, or "I think the stock can hit $100, so I won't sell until then", even if the maximum fair price is really $99. Individual psychology becomes group psychology.

The question becomes, if group psychology and behavioral economics are predictable fields of study with a firm scientific basis and repeatability, then can one develop tools to consistently evaluate how these behaviors translate into decisions by investors in the market, and therefore be a useful predictor of asset prices? Some say yes, and the study of markets in this light and the tools developed to do so, are broadly referred to as Technical Analysis. Effectively, applying pattern recognition to market data to predict future price movement and get ahead of it to make money. Technical Analysis purports to answer questions like - "what does a stock market crash look like, and what behaviors are visible in stock prices before it occurs?", or "how does a day with bad news make investors skittish versus greedy?", or "can you spot a pattern of trades being made by investors who want to cash out before they go on Christmas vacation?"

Now, does it work? That's controversial. The premise is that you can look at the historical price movement of a stock to make an inference about the psychology that is driving it. But that interpretation can be wrong, and is only as good as the information you have to explain it. For example, if a large investor in a company suddenly liquidates all of their holdings, a Technical Analysis approach might tell you that this is a clear indication that an insider is trying to get out because they anticipate major under performance of the company. Know that this is coming, you might decide to short the stock, expecting other investors will by rushing to sell as well. But for all you know, the insider got divorced and needed cash to fund a settlement, and the company is sound.

That in mind, one shouldn't treat Technical Analysis as a secret code to cracking the markets and making money. There are plenty of charlatans or other influencers out there who might try to convince you otherwise, and induce you to buy watch/read/buy their content or make trades based on their advice, using the trappings of Technical Analysis to pull the wool over your eyes. Technical Analysis is best seen as a curiosity or another tool in one's tool belt. If you want to buy this book, go into it treating it that way.
1

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2d ago
260 Posts
Joined Sep 2008
2d ago
StickItToEm
2d ago
260 Posts
Quote from AlexW7764 :
"Publication date: January 1, 1999". 25 years ago?
Any recommendations anyone on something good and current? If investing our savings, I'm not very concerned with saving the cost of one book I'd have to read when something else could be more worthy of my time and investment account.
2d ago
159 Posts
Joined Mar 2013
2d ago
RobertL5359
2d ago
159 Posts
Quote from AlexW7764 :
"Publication date: January 1, 1999". 25 years ago?
Math checks out.
2d ago
5 Posts
Joined Aug 2011
2d ago
schoolisdeath
2d ago
5 Posts
For those who are interested in Tech Analysis ("TA"), this is potentially as dangerous as self educating with a book on and then and using options. It is not considered to be a valid basis by most people who research and trade as their full time job.
Don't let this book or other people make you feel confident you will make money (especially in the long term) using only these strategies. It ignores all basics of valuation, industry and geopolitical context, etc and treats the price as the only thing that is relevant to the security.
So I guess what I'm saying is this is a bad deal, because even if well written and entertaining and a low price, using TA as if it is scientific or as your main basis for investing is a bad idea.
2d ago
18,890 Posts
Joined Sep 2003
2d ago
beowulf7
2d ago
18,890 Posts
Quote from omar10wahab :
Felt like this book was trying too hard to sound smart without actually saying much. Lots of fluff, not enough real-world value. Could have just been a blog post. Just overall recycled advice with no real depth. Kinda wild too, considering the author tanked a few businesses before finally "making it" with something that smells a little like a Ponzi scheme.
Thanks for saving me $2, but more importantly, hours of reading time.
2d ago
79 Posts
Joined Apr 2016
2d ago
pearlm30
2d ago
79 Posts
Its showing $68 for me. Dead???

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