Thomas R.DeMark – The New Science of Technical Analysis

From the Foreword by John J. Murphy “DeMark’s work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark’s emphasis on the ‘new science’ of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn’t have come at a better time.” –John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC “This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics.” –Courtney Smith President and CIO Pinnacle Capital Management, Inc. “Those who know him and his work call him the consummate technician–a trading system developer without peer.” –Futures magazine “DeMark is the ultimate indicator and systems guy. No one touches him.
I know the Holy Grail of trading systems doesn’t exist because if it did, Tom would have found it by now.” –James Bianco Director of Arbor Trading “Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup.” –Ralph Vince author of The Mathematics of Money Management

Technical Analysis Course

How to understand about technical analysis: Learn about technical analysis

In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which,
being an aspect of active management, stands in contradiction to much of modern portfolio theory.
The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.