Chart Patterns : Bloomberg Market Essentials ; Technical Analysis

The Bloomberg Market Essentials: Technical Analysis series covers the key elements of the most widely used technical analysis tools. Using these fast-track resources, traders can come up to speed quickly on each method—what it is, how it works, and how to use it. The third book in this series, Chart Patterns, gives traders the first step toward applying one of the oldest and most widely used tools in the market. Flags, head-and-shoulders patterns, double bottoms, and more are detailed to help the trader know when a breakout is coming or when a trend is continuing. Bruce Kamich is a highly respected voice in the technical analysis community, coauthoring the widely read Morgan Stanley Smith Barney Daily Technical Market Letter publication.

Chart Patterns gives traders the first step toward applying charting, one of the oldest and most widely used tools in the market. Once a trader learns to recognize the patterns in charts,charting becomes a truly powerful technical analysis tool. Flags, head-and-shoulder patterns, double bottoms, and more are detailed to help the trader know when a breakout is coming or when a trend is continuing.

 

The Bloomberg Market Essentials: Technical Analysis series covers the key elements of technical analysis tools, bringing traders quickly up to speed on each method—what it is, how it works, and how to use it.

 

"Price is a fact. And price leaves patterns. This wonderful book will give the reader insights into what investors are really doing by identifying and following their buying and selling patterns. Learn about the pioneers who identified these patterns and where they typically form during a stock's normal life-cycle."—Ralph J. Acampora, CMT, Director, Altaira Wealth Management, S.A.

"Kamich's Chart Patterns is the perfect resource for those not yet using candlesticks, and for those who are. Whether you use Nison candlesticks or bar charts, the tactics and strategies you use in the market should be clear, and Kamich does a great job of detailing these. While candlesticks (if properly used) excel at giving reversals, they do not give price targets. And using price patterns is a prime way we determine targets for our clients."—Steve Nison, CMT, President, Candlestick.com, and author of Japanese Candlestick Charting Techniques

"Chart Patterns takes us through the thoughtprocess an analyst or trader should use. Kamich looks at myriad patterns, illustrating how they work, when they work, how to use them, and what to do when they don’t work. Any serious student of trading and investing will benefit from this methodical study of chart patterns."—Philip J. Roth, CMT, Chief Technical Market Analyst, Miller Tabak & Co, LLC

Chart Patterns......Page 1 Contents......Page 11 Acknowledgments......Page 13 Introduction......Page 15 1 Why Study Patterns?......Page 17 2 The Past: 1910–1960......Page 29 3 The Present......Page 35 4 Major Tops......Page 41 5 Major Bottoms......Page 77 6 Triangles, Boxes, and Rectangles......Page 99 7 Flags......Page 121 8 Pennants......Page 137 9 Wedges......Page 147 10 Odds and Sods......Page 155 11 Keep Your Seat Belts Fastened: Reversals Ahead......Page 169 12 Gaps......Page 189 13 The Future of Chart Patterns......Page 197 Index......Page 203 "Chart Patterns explains the essentials of one of the earliest and still most popular types of technical analysis, with details and basic trading strategies for the most important patterns. The book also includes practical guidance on how to recognize patterns in the difficult-to-decipher real-world charts"--Provided by publisher.