Chapter 1: Background Philosophy of Technical Analysis

Introduction / Philosophy or Theoretical Basis / Technical Forecasting and Fundamental Forecasting / Analysis and Trading Timing Selection / Flexibility and Applicability of Technical Analysis / Application of Technical Analysis to Other Fields / Application of Technical Analysis to All Trading Periods / Economic Forecasting / Technical Analysts and Chart Analysts / Summary of Comparison of Technical Analysis in the Stock and Futures Markets / Reducing Reliance on Market Averages and Indicators / Criticism of Technical Approaches / Random Walk Theory / Universal Principles

Chapter 2 Dow Theory

Introduction / Basic Principles / The Use of Closing Prices and the Existence of Trendlines / Criticism of the Dow Theory / Stocks as an Economic Indicator / Dow Theory Applied to Futures Trading / Conclusion

Chapter 3: Creating Charts

Introduction / Available Chart Types / Candlestick Charts / Arithmetic and Logarithmic Units / Creating Daily Charts / Trading Volume / Open Interest in Futures / Weekly and Monthly Charts / Conclusion

Chapter 4: Basic Concepts of Trends

Definition of trend / Trends have three directions / Trends are divided into three categories / Support and resistance / Trend lines / The fan principle / The importance of the number 3 / Relative slope of trend lines / Channel lines / Reversal rate / Velocity lines (velocity resistance lines) / Gann and Fibonacci fan lines / Internal trend lines / Reversal dates / Price gaps / Conclusion

Chapter 5 Major Reversals

Introduction / Price Patterns / Two Types of Price Patterns: Reversals and Continuations / Head and Shoulders Reversals / The Importance of Trading Volume / Target Price Setting / Inverse Head and Shoulders / Compound Head and Shoulders / Triple Tops and Triple Bottoms / Double Tops and Double Bottoms / Variants of the Ideal Pattern / Circular Bottoms and V-Shapes / Conclusion

Chapter 6: Continuous

Introduction / Triangles / Symmetrical triangles / Ascending triangles / Descending triangles / Expansion / Square flags and triangle flags / Wedges / Rectangles / Measured movements / Head-and-shoulders continuations / Confirmation and departure / Conclusion

Chapter 7 Trading Volume and Open Interest

Introduction / Volume and Open Interest as Auxiliary Indicators / Interpreting Volume in All Markets / Interpreting Open Interest in the Futures Market / Summary of Volume and Open Interest Rules / Volume Surges and Selling Peaks / Trader Consignment Reports / Observations on Commercial Traders / Net Trader Positions / Open Interest in Options / Put-Call Ratios / Combining Options Trends with Technical Indicators / Conclusion

Chapter 8 Long-Term Charts

Introduction / The Importance of a Long-Term Outlook / Creating Continuous Charts for Futures Trading / Perpetual Contracts / The Controversy Over the Randomness of Long-Term Trends / Chart Patterns: Weekly and Monthly Reversals / From Long-Term to Short-Term Charts / Why Long-Term Charts Should Be Adjusted During Inflationary Periods / Long-Term Charts Not for Trading / Examples of Long-Term Charts

Chapter 9 Moving Averages

Introduction / Moving Averages: A Device for Smoothing Time Differences / Moving Average Envelopes / Bollinger Bands / Bollinger Bands as Target Prices / Bands Representing Ranges / Moving Averages Linked to Cycles / Fibonacci Numbers as Moving Averages / Moving Averages Applied to Long-Term Charts / Weekly Rules / Optimization or Not? / Summary / Adaptive Moving Averages / Alternatives to Moving Averages

Chapter 10 Oscillators and Counterarguments

Introduction / The combined use of trends and oscillators / Measuring momentum / Measuring rate of change (ROC) / Creating an oscillator using two moving averages / Commodity Futures Path Index (CCI) / Relative Strength Index (RSI) / Finding trading signals using the 70 and 30 moving averages / Stochastics / Williams %R / The importance of trends / When oscillators are most useful / MACD / MACD histogram / Integration of weekly and daily charts / The principle of contrarian views in futures / Investor trend index / Investor information index

Chapter 11: Dot Plot Charts

Introduction / Dot charts and candlestick charts / Creating an intraday dot chart / Horizontal calculations / Price patterns / Creating a three-section reversal dot chart / Creating a three-point reversal chart / Drawing trend lines / Measuring techniques / Trading tactics / Advantages of dot charts / Dot charts as technical indicators / Computer-generated dot charts / Moving averages in dot charts / Conclusion

Chapter 12 Japanese Candlestick Charts

Introduction / Creating Candle Charts / Basic Candle Patterns / Analyzing Candle Patterns / Filtered Candle Patterns / Conclusion / Candle Patterns

Chapter 13 Elliott Wave Theory

Historical Background / Basic Concepts of the Elliott Wave Principle / Connections between Elliott Wave Theory and Dow Theory / Corrective Waves / The Rule of Alternation / Channeling / The Fourth Wave as a Support Line / Fibonacci Numbers as the Basis of the Wave Principle / Fibonacci Ratios and Reversals / Fibonacci Time Targets / Integration of the Three Aspects of Wave Theory / Elliott Wave Theory Applied to Stocks and Commodity Futures / Summary and Conclusion

Chapter 14 Cycle

Introduction / Cycles / Cycle concepts that facilitate chart analysis / Dominant cycles / Cycle combinations / The importance of trends / Left-right transitions / How to distinguish cycles / Seasonal cycles / Stock market cycles / January indicators / Presidential election cycles / Combining cycles with other technical tools / Entropy Spectrum analysis / Cycle reading and software

Chapter 15 Computers and Transaction Systems

Introduction / The Need for Computers / Classification of Tools and Indicators by Group / Use of Tools and Indicators / Wallace Wilder's Parabolic and DM Systems / Advantages and Disadvantages of System Trading / When to Seek Expert Help / Testing Multiple Systems or Developing Your Own / Conclusion

Chapter 16: Money Management and Trading Tactics

Introduction / Three Elements of Successful Trading / Money Management / Risk-Reward Ratio / Multi-Position Trading: Trend Trading and Anti-Trend Trading / Actions After Success and Failure / Trading Tactics / Integration of Technical Factors and Money Management / Types of Trading Orders / From Daily Charts to Intraday Price Charts / Using Pivot Points / Summary of Money Management and Trading Guidelines / Application to the Stock Market / Asset Allocation / Managed Accounts and Mutual Funds / Market Profile

Chapter 17: The Relationship Between Stock and Futures Markets: A Comparative Analysis

Intermarket analysis / Program trading: Ultimate correlation / Correlation between bonds and stocks / Correlation between bonds and commodity futures / Correlation between commodity futures and the dollar / Equity sectors and industry groups / The US dollar and large multinational equity capital / Intermarket analysis and mutual funds / Relative strength analysis / Relative strength and sectors / Relative strength and individual stocks / Top-down market approach / Deflation scenarios / Intermarket correlation / Intermarket neural network software / Conclusion

Chapter 18 Stock Market Indicators

Measuring market breadth / Sample data / Comparison of market averages / Upward-downward line (AD line) / AD divergence / Daily and weekly AD lines / Various AD lines / McClellan Oscillator / McClellan Summation Index / New highs and new lows / New high-low index / Upward and downward volume / Arms Index / Trin versus tick / Smoothed Arms Index / Open Arms Index / Volume charting / Candle power / Comparison of market averages / Conclusion

Chapter 19 Summary - Checklist

Checklist / Technical Checklist / Integration of Technical and Fundamental Analysis / Certified Market Analyst / Market Technicians Association (MTA) / Globalization of Technical Analysis / Technical Analysis by Various Names / Federal Reserve Final Approval / Conclusion

supplement
A.
Highly technical indicators
Demand Index (DI) / Herrick Price Index (HPI) / Starc Bands and Keltner Channels / Demand Index Formula

B.
Market Profile
Introduction / Market Profile Graph / Market Structure / Market Profile Composition Principles / Scope Development and Profile Patterns / Long-Term Market Activity Tracking / Conclusion

C.
Essential elements that make up a trading system
5-Step Plan / Step 1: Establish the concept (idea) / Step 2: concretize the concept into objective principles / Step 3: Visually check on a chart / Step 4: Formal test using a computer / Step 5: Evaluate the results / Fund management / Conclusion

D.
consecutive gift agreements
Most recent month's contract / Next month's contract / Gann contract / Continuous contract / Future continuous continuous contract

Methods for analyzing stocks for investment can be broadly divided into fundamental analysis and technical analysis.
Fundamental analysis is a stable investment method that assesses a company's intrinsic value and anticipates its future growth potential.

Before fundamental analysis, there was only technical analysis.
In the stock market, which is open five days a week, there is constant price fluctuation from 9:00 AM when the market opens until 3:00 PM when it closes.
There can be several factors that cause prices to fluctuate.
It is practically impossible to obtain all the information on price fluctuation factors, such as economic news delivered the previous day or in real time, corporate disclosures, external circumstances, and investor sentiment.

Technical analysis aims to predict future stock price movements based on past price trends.

By learning the key theories that underpin technical analysis and how to read various charts that serve as analytical tools through this book, you will be able to predict future stock prices and make successful investments.