The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate market Direction and Strength Gregory L. Morris

Gregory L. Morris

ISBN 10: 0071444432 / ISBN 13: 9780071444439

Published by McGraw-Hill, 2005

About this Item

Signed by author inside front cover. Hardcover with fine dust jacket. Book is in Excellent condition, pages are clean and tight.

Seller Inventory # b9853

Bibliographic Details

• Title: The Complete Guide to Market Breadth Indicators: How to Analyze and Evaluate market Direction and Strength Gregory L. Morris
• Publisher: McGraw-Hill
• Publication Date: 2005
• Language: English
• ISBN 10: 0071444432
• ISBN 13: 9780071444439
• Binding: Hardcover
• Condition: Like New
• Weight: 27 ounces

About this title

Synopsis

Market breadth indicators, i.e. advance/decline, new high/new low, or up/down volume, allow technical analysts and traders to look beneath the surface of a market to quantify the underlying strength or direction associated with a market move. Increasingly popular in all types of markets, they give traders the ability to accurately forecast a number of possible outcomes and the likelihood of each.

Bottom line? For gauging the near-term direction and strength of a market, breadth indicators are among the single most valuable tools a trader can use.

The Complete Guide to Market Breadth Indicators is the most comprehensive and vivid collection available of market breadth indicator information and features ideas and insights from market veterans including John Murphy, Don Beasley, Jim Miekka, Tom and Sherman McClellan, and numerous others. Chapters are first categorized based upon the mathematical relationship between the breadth pairs. Each indicator is then analyzed to provide information including:

• Also known as--other names by which the indicator is recognized
• Author/creator--when available
• Data components required--components of breadth data required to calculate the indicator
• Description--brief description of the indicator
• Interpretation--generally accepted industry interpretation of the indicator, with techniques of different analysts also discussed
• Chart--Chart or charts that best display the indicator
• Author comments--Greg Morris's personal interpretation, opinion, and use of the indicator, along with suggested modifications, complementary indicators, and more
• Formula--An algebraic formula for the indicator or, for formulae that are too complex for this section, a descriptive narrative on the formula
• References--An indicator-specific bibliography for additional information on the indicator or its creator, with notes about a particular book or magazine article

Breadth analysis is one of the purest measures of market liquidity. Applicable to virtually any exchange or index of securities for which breadth data is available, it represents the best available footprint of the health and near-term direction of the overall market examined. The Complete Guide to Market Breadth Indicators is the first book to delve into the use, mathematics, and interpretation of the most popular and proven of these tools, and is an invaluable reference for technical traders and investors of all types, and in every market.

About the Author

Gregory L. Morris is a consultant and cofounder and former CEO of MurphyMorris, Inc., which was acquired by StockCharts.com. The developer of candlestick filtering and a globally acknowledged expert and lecturer on candlesticks, Morris wrote the seminal Candlestick Charting Explained and has written a number of investment-related articles. He is a graduate of the Navy Fighter "Top Gun" School and retired in 2004 after twenty-six years as a captain for a major international airline.