Technical Analysis from A to Zby Steven B. Achelis
The truth that no man is an island certainly holds true here. This book would not be possible without the help of thousands of analysts who have studied the markets andshared their results. To those from whom I have compiled this information, thank you.There are two people who have helped so much that I want to mention them by name.Without John Slauson's editorial and research assistance, this book would not have been published until the next century; And Denise, my wife, who has been an active participant in my work for more than a dozen years.
For brevity, I use the term "security" when referring to any tradable financial instrument.This includes stocks, bonds, commodities, futures, indices, mutual funds, options, etc.While I may imply a specific investment product (for example, I may say "shares" whichimplies an equity) these investment concepts will work with any publicly traded financialinstrument in which an open market exists.Similarly, I intermix the terms "investing" and "trading." Typically, an investor takes along-term position while a trader takes a much shorter-term position. In either case, the basic concepts and techniques presented in this book are equally adept.
"Words are like money; there is nothing so useless, unless when in actual use."
- Samuel Butler, 1902