The introduction to the Magee system of technical analysis
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The introduction to the Magee system of technical analysis
St. Lucie Press , AMACOM, c2002
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Magee system of technical analysis
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Includes index
Description and Table of Contents
Description
Written by the master of the craft, John Magee, An Introduction to Magee's System of Technical Analysis presents a methodology and philosophy for stock market decision making that he not only developed but that he practiced as an investment advisor for 45 odd years. Co-author of the bestselling Technical Analysis of Stock Trends, now in its eighth edition, Magee gives you a concise guide that reveals time-tested approaches for using technical analysis. You will learn how to make or save thousands of dollars, spot and stay on top of trends, time buy and sell decisions, minimize risks and boost investment profits, construct charts, and spot profitable chart patterns.
Editor/co-author, W.H.C. Bassetti prepares you for the continued study of the concepts and tools developed based on Magee's theories. As a student and client of Magee he learned from America's most respected master. Now he passes this knowledge on to you. More than a catalog of chart patterns, this reference manual based on the experience of experts provides a complete analysis of the effects of buying and selling on price.
Benefits
Understand how to recognize tops and bottoms
Identify stock breakout formations
Learn to track trendlines and realize your profits
Use support and resistance levels to defend your positions
Comprehend the meaning of flag and other transient patterns
Detect overbought or oversold markets
Grasp the nuts and bolts of constructing charts to spot profitable trends
Identify tops and bottoms, triangles, head-and-shoulders, and understand their significance
In reality, mathematical or statistical sophistication is not necessary to practice technical analysis in the markets. Any number of little old ladies with a ruler and chart have outperformed any number of Nobel Laureates. Make no mistake, the intelligent application of technical analysis will lead to continued success in investing. But be warned: Success involves more than the mechanical use of cookie cutter principles. It requires the ability to see markets clearly, formulate a plan, and then stick with it. An Introduction to Magee's System of Technical Analysis lays out a clear methodology and system for long-term trading/investment success.
Table of Contents
A Brief History of Dow Theory and the Foundations of Technical Analysis
Basic Tenets of Technical Analysis as Evolved from Dow Jones Theory and the Bar Chart, Tool of Technical Analysis
The Central Concepts and Vocabulary of Technical Analysis
Important Practical Concepts: Support and Resistance
The Central Concept: The Importance of Trends and Trend Channels
Other Important Patterns of Short-Term Import: Gaps, Spikes, Reversals
When to Buy, When to Sell Stops: Hair Trigger Stops, Progressive Stops
Magee's Methodology: Risk Management, Portfolio Management, and Rhythmic Trading. Pragmatic Portfolio Theory from Bassetti
The Magee Method
Further Developments to the Magee Method - Portfolio Management, Risk Control, Including Rhythmic Trading and Pragmatic Portfolio Theory
Other Technical Analysis Tools: Number Driven Techniques, Candlesticks, and Point and Figure Charting. Algorithmic Trading.
Other Important Technical Analysis Methods
Considerations for Traders/Investors of Whatever Stripe - Day Traders to Long Term Investors
Considerations for Short-Term Traders, Speculators, and Mid- and Long-Term Investors
Some Hypothetical General Trading Plans
Trading is Only Half Systems and Methods. The Other Ninety Percent is Mental.
The Mental Side and the Philosophical Foundations
Appendices
Appendix A: Some Selected John Magee Letters
Appendix B: Techniplat Chart Paper
Appendix C: Continuing Study Plan
Appendix D: Resources
Glossary
Glossary of Patterns
by "Nielsen BookData"
