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New Thinking in Technical Analysis
Book

New Thinking in Technical Analysis

Trading Models from the Masters

Rick Bensignor
Bloomberg Press, 2000

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

In this compilation edited by Morgan Stanley Dean Witter technical strategist Rick Bensignor, a dozen financial experts discuss their individual approaches to technical analysis of the stock market. In the first chapter, equities, options and futures trader Linda Bradford Rasche explains swing trading and the underlying principles of technical analysis, thus providing an important primer for understanding the theories in the rest of the book. This is a complex read, since technical analysis involves using various mathematical systems to examine market trends and swings. Those who follow the market closely will find this engrossing, but amateurs could be daunted. getabstract recommends the book to serious students of the markets - It’s not for the casual browser or those who are not mathematically inclined, but its targeted readers will be quite satisfied.

Take-Aways

  • You can forecast market movements with fundamental or technical methods.
  • The fundamental method examines long-term business cycles, extremes in securities’ prices and public attitudes.
  • The swing trader studies short and intermediate price fluctuations inside longer market trends.

About the Author

Editor Rick Bensignor is a vice president and senior technical strategist at Morgan Stanley Dean Witter. He is also an adjunct professor at New York University’s School of Continuing and Professional Studies, where he teaches technical analysis. For 14 years, he worked as a floor trader on several New York futures exchanges. Subsequently, he served as Bloomberg LP’s senior product specialist for technical analysis, futures and commodities.

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