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The
Visual Investor
By John Murphy
John Wiley & Sons, 1996 - 320 pages
John Murphy was the technical analysis commentator on CNBC
for the longest time and was on TV almost daily for several
years. He now runs his own company, murphymorris.com.
The Bottom Line: This book is very easy to read and learn
and ideal for those beginners seeking to learn technical
analysis. He starts with the basics, then goes into more
advanced principles and then explains linkage (how certain
sectors outperform when others under perform.) He talks about
commodities and equities throughout the book and it is a very
good evaluation of market trends. There are tons of graphs to
help the reader along.
I personally believe that technical analysis should be
incorporated into just about any decision-making process when
investing for any fund, stock and/or options. While
fundamental analysis should be where most efforts are applied
technical analysis can help people in picking entry and exit
points to "avoid fighting the tape" which is a real
trend in the market. Mr. Murphy's Technical
Analysis of the Financial Markets and its
accompanying Study
Guide is utilized by professionals who seek to
attain certified technical analyst positions.
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