Study Guide for Technical Analysis Explained (Fifth Edition)
Book Details
- Author: Martin J. Pring
- Categories: Technical Analysis
Quick Summary
This study guide accompanies the fifth edition of Martin Pring's seminal "Technical Analysis Explained," providing structured quizzes, chart-based exercises, and review questions across 34 chapters covering everything from trend identification and price patterns to market breadth, sentiment analysis, and automated trading systems.
Detailed Summary
"Study Guide for Technical Analysis Explained" by Martin J. Pring, published by McGraw-Hill Education in 2014, serves as the companion workbook to Pring's authoritative textbook on technical analysis. The guide is designed to reinforce and test understanding of the concepts presented in the main text through multiple-choice questions, matching exercises, fill-in-the-blank questions, and chart interpretation exercises.
The study guide covers the full spectrum of technical analysis methodology across 34 chapters. It begins with the definition and interaction of trends, establishing the foundational concept that all technical analysis rests on identifying trend direction and duration. Early chapters address financial markets and the business cycle, Dow Theory, and intermediate trend parameters, providing the macroeconomic context within which technical analysis operates.
The core technical chapters progress through support and resistance zones, trendline construction and interpretation, volume analysis, classic price patterns (head-and-shoulders, triangles, rectangles), smaller patterns and gaps, and single/two-bar price patterns. The guide then covers quantitative tools including moving averages, Bollinger Bands and envelopes, and a three-chapter sequence on momentum indicators covering basic principles and individual oscillators.
Specialized charting techniques are addressed through chapters on candlestick charting, point and figure analysis, and miscellaneous trend determination methods. The concept of relative strength receives dedicated coverage, reflecting its importance in sector rotation and stock selection. Later chapters deal with market internals including volume indicators, market breadth measures, confidence indicators, and sentiment analysis, connecting individual security analysis to broader market conditions.
The guide concludes with chapters on interest rate effects on equities, individual stock selection using technical analysis, international market analysis, and automated trading systems, making it a comprehensive review tool for serious technical analysts preparing for professional certification or seeking to deepen their analytical skills.
