Summary of Charting and Technical Analysis

Charting and Technical Analysis is a comprehensive guide on charting techniques and technical analysis for traders, investors, and portfolio managers. Written by Fred McAllen, a veteran technical analyst and portfolio manager with over 40 years of experience, the book is packed with detailed information and case studies on the most up-to-date charting tools and technical analysis techniques. The book begins by discussing the history of charting techniques and the importance of charting when trading assets. It then delves deeper into traditional technical analysis tools, such as trend lines, support and resistance levels, and indicators. McAllen also discusses more advanced charting techniques and technical trading strategies that can help traders evaluate market cycles and generate superior returns. The book concludes by emphasizing the need for traders to develop a trading system and apply the principles of technical analysis in order to be successful in today’s volatile markets.