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xxiii | (36) |
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lix | |
| Foreword |
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1 | (2) |
| Part One: Technical Theory |
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3 | (372) |
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1 THE TECHNICAL APPROACH Technical versus Fundamental Theory--Philosophy of Technical Approach |
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3 | (5) |
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2 CHARTS Different Types of Charts--Data Required--Arithmetic and Logarithmic Scales |
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8 | (5) |
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3 THE DOW THEORY The Forerunner of All Technical Theories--Use of Market Averages--Basic Tenets of Dow Theory--Characteristic Phases of Bull and Bear Trends |
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13 | (16) |
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4 DOW THEORY IN PRACTICE Applying Dow Theory to the Averages through 1941--The 1942 Action--The Bull Market Signal--The Secondary Correction of 1943--Bull Market Reaffirmed--The Spring of 1946--Third Phase Symptoms--The Bear Market Signal |
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29 | (24) |
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5 THE DOW THEORY'S DEFECTS Second Guessing--The "Too Late" Criticism--The Fifty-Year Record of Results--Little Help in Intermediate Term Trading |
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53 | (5) |
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6 IMPORTANT REVERSAL PATTERNS Divergence between Individual Stocks and Averages--Definition of Reversal and Reversal Formation--Time Required to Build--How Insiders Distribute--The Head-and-Shoulders Top Pattern--Volume Characteristics--Breaking the Neckline--Symmetry and Variations--Measuring Formula |
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58 | (22) |
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7 IMPORTANT REVERSAL PATTERNS--CONTINUED Head-and-Shoulders Bottoms--Volume and Breakout Differences--Multiple Head-and-Shoulders Patterns--Rounding Tops and Bottoms--Trading Activity on Rounding Turns--Dormant Bottoms--Patterns on Weekly and Monthly Charts |
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80 | (26) |
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8 IMPORTANT REVERSAL PATTERNS--THE TRIANGLES Triangles--The Symmetrical Form--Volume--How Prices Break Out--A Theoretical Example--Reversal or Consolidation--Right Angle Triangles, Ascending and Descending--Measuring Implications--On Weekly and Monthly Charts |
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106 | (35) |
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9 IMPORTANT REVERSAL PATTERNS--CONTINUED Rectangles--Pool Tactics--Relation to Dow Line--Double and Triple Tops and Bottoms--Important Recognition Criteria--Completion and Breakout--Triple Tops and Bottoms |
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141 | (27) |
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10 OTHER REVERSAL PHENOMENA Broadening Formations--The Broadening Top--Right-Angles Broadening Patterns--Diamonds--Wedge Formations--The Falling Wedge--Rising Wedges in Bear Market Rallies--The One-Day Reversal--Selling Climax |
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168 | (34) |
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11 CONSOLIDATION FORMATIONS Flags and Pennants--Pennant Versus Wedge--Measuring Formula--Reliability Tests for Flags and Pennants--On Weekly and Monthly Charts--Head-and-Shoulders Consolidations--Scallops and Saucers--Modern Versus Old-Style Markets |
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202 | (26) |
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12 GAPS Which Gaps Are Significant?--Common or Area Gaps--Breakaway Gaps--Continuation or Runaway Gaps--Measuring Implications--Exhaustion Gaps--Island Reversals--Gaps in the Averages |
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228 | (25) |
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13 SUPPORT AND RESISTANCE Definition of Support and Resistance Levels--How They Reverse Their Roles--Reasons for Support--Resistance Phenomena--Tests for Determining Potential--Importance of Volume--Rules for Locating--Implications of a Breakthrough-- Round Figures--Historical Levels--Panic Moves and Recoveries--Pattern Resistance--Support-Resistance in the Averages |
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253 | (29) |
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14 TRENDLINES AND CHANNELS Basic Trendlines--How They Form--Arithmetic Versus Logarithmic Scale--Intermediate Uptrends--Tests for Trendline Authority--Validity of Penetration--Throwback Moves--Amendment of Trendlines--Double Trendlines--Trend Channels --Practices to Avoid--Consequences of Penetration--Intermediate Downtrends--Corrective Trends--The Fan Principle |
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282 | (34) |
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15 MAJOR TRENDLINES Different Forms of Major Uptrends--Arithmetic and Logarithmic Scaling--Tests for Significance--Major Downtrends--Major Trend Channels--Trendlines in the Averages |
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316 | (11) |
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16 TECHNICAL ANALYSIS OF FUTURES/DERIVATIVES CHARTS Applications for the use of Chart Patterns and Other Indicators, in the Trading of Futures/Derivatives--Moving Averages, Bollinger Bands, Stochastics and Others |
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327 | (38) |
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17 SUMMARY AND SOME CONCLUDING COMMENTS Philosophy of Technical Approach--Review of Technical Methods--Need for Perspective--Historical Safe and Dangerous Zones--Patience |
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365 | (10) |
| Part Two: Trading Tactics Midword |
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375 | (192) |
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380 | (8) |
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19 THE ALL-IMPORTANT DETAILS Source of Data--Suggestions on Chart Keeping |
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388 | (3) |
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20 THE KIND OF STOCKS WE WANT Leverage--Swing Habit |
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391 | (4) |
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21 SELECTION OF STOCKS TO CHART Character and Habits--Number--Advantages of Listed Issues |
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395 | (4) |
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22 SELECTION OF STOCKS TO CHART--CONTINUED Diversification--Price Range--Swing Power within Groups--Slow-Moving Groups |
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399 | (7) |
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23 THE MECHANICS OF BUILDING A CHART |
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406 | (7) |
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24 THE PROBABLE MOVES OF YOUR STOCKS Relative Sensitivity--The Market Reciprocal--Normal Range-for-Price |
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413 | (6) |
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25 TWO TOUCHY QUESTIONS Use of Margin--Short Selling |
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419 | (9) |
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26 ROUND LOTS OR ODD LOTS? Extra Cost of Odd Lots--Occasional Advantages |
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428 | (2) |
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27 STOP ORDERS Protective Stops--Computing Stop Levels--Table of Stop Distances--Progressive Stops |
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430 | (9) |
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28 WHAT IS A BOTTOM--WHAT IS A TOP? The Three-Days-Away Rule--Basing Points--Volume Signals |
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439 | (6) |
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29 TRENDLINES IN ACTION Buying Long Stock--Selling Long Stock--Selling Stock Short--Covering Short Sales--Additional Suggestions |
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445 | (13) |
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30 USE OF SUPPORT AND RESISTANCE Formulating a Rule for Buying--When a Support Fails--Placing Stop Orders |
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458 | (7) |
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31 NOT ALL IN ONE BASKET Diversification--Its Cost--Table of Round-Trip Expenses--Table of Minimum Number of Shares to Buy |
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465 | (4) |
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32 MEASURING IMPLICATIONS IN TECHNICAL CHART PATTERNS Reactions Versus Primary Moves |
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469 | (4) |
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33 TACTICAL REVIEW OF CHART ACTION Dow Theory--Head-and-Shoulders--Multiple Head-and-Shoulders--Rounding Tops and Bottoms--Triangles--Broadening Tops--Rectangles--Double Tops and Bottoms--Diamonds--Wedges--One-Day Reversals--Flags and Pennants--Gaps-- Support and Resistance--Trendlines |
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473 | (33) |
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34 A QUICK SUMMATION OF TACTICAL METHODS When to Get Out--When to Get In |
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506 | (4) |
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35 EFFECT OF TECHNICAL TRADING ON MARKET ACTION Many Types of Investor--Technicians a Minority Group--Persistence of Ingrained Evaluative Habits |
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510 | (2) |
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36 AUTOMATED TRENDLINE: THE MOVING AVERAGE Sensitizing Moving Averages--Crossovers and Penetrations |
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512 | (6) |
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37 "THE SAME OLD PATTERNS" Repetitive Character of Market Behavior Over the Years--Additional Chart Examples Covering Recent Market Action |
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518 | (17) |
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38 BALANCED AND DIVERSIFIED The "Not All" Principle--The Evaluative Index--Reducing Risk and Anxiety |
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535 | (8) |
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39 TRIAL AND ERROR Putting Experience to Work |
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543 | (2) |
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40 HOW MUCH CAPITAL TO USE IN TRADING |
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545 | (3) |
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41 APPLICATION OF CAPITAL IN PRACTICE Using Composite Leverage According to the Market's Condition--Overall Strategy |
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548 | (6) |
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42 A DISCUSSION OF COMPOSITE LEVERAGE Overtrading and a Paradox--The Composite Leverage Index of a Single Stock--Composite Leverage on a Portfolio--Investment Account Policy--Negative Composite Leverage |
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554 | (7) |
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561 | (6) |
| Appendix A. TEKNIPLAT Charting |
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567 | (8) |
| Appendix B. Supplementary Chart Examples |
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575 | (34) |
| Appendix C. Updated Charts through 1996 |
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609 | (33) |
| Appendix D. Internet Companies: The Theme Stocks of the 1990s |
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642 | (23) |
| Glossary |
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665 | (36) |
| Index |
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701 | |
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