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Some
REFERENCES
(with an Australian bias)
+
Equis' recommendations on various aspects of Technical Analysis
AUTHOR

TITLE

PUBLICATION

COMMENTS

Bauer, Richard J. & Dahliquist, Julie R. 
Technical market indicators. Analysis &
performance 
John Wiley & Sons, Inc. NY. 1999.
ISBN 0471197211 
A reasonably unbiased study of the performance
of 60 different technical analysis indicators mostly summarised in the form of tables. 
Colby, Robert W.; & Meyers, Thomas A. 
The Encyclopedia of Technical Market Indicators 
Down JonesIrwin; Homewood, IL 1988. 
Excellent overview including more esoteric techniques
such as by Bradley, for example. 
Cork, David & Lightstone, Susan. 
The pig in the python 
Prima Publishing, 1998. Rocklin, CA.
ISBN 0 7615 1275 6 
Subtitle: How to prosper from the aging babyboom.
A good read which puts a useful focus on "stock picking". American but
still relevant. 
Douglas, Mark 
Trading in the Zone 
NY Institute of Finance, NY. 2000. ISBN 0 735201447 
Subtitle: Master the Market wih Confidence,
Discipline and a winning attitude. Although you could be forgiven for concluding
from this subtitle that this book is probably bit suspiciously close to wanky, it
is simply one of the best I've ever read on the psychology of trading. 
English, John. 
Australian stock market investor 
Allen & Unwin, 1997. Syd.
ISBN 1 86448 614 7 
Good introduction to the markets, focussed on
Oz. Deals with fundamental analysis as well as elementary TA. Also riskreturn, options
etc. A bit optimistic. 
Francis, Jack Clark 
Management of Investments 
McGrawHill, Internat. Edition, 1993, NY, Singapore.
ISBN 0071129553 
A Thorough exposition of investment theories
with lots of examples. Well organised, easy to find your way around and not too esoteric. 
Guppy, Daryl. 
Chart Trading 
Wrightbooks Pty Ltd 1999. Elsternwick, Vic.
ISBN 1 876627 13 1 
Daryl's a trader with a major interest in Australian
mining stocks. Sometimes inciteful description on understanding herds/crowds. Covers
major indicators. 
Guppy, Daryl. 
Bear Trading 
Wrightbooks Pty Ltd 2000. Elsternwick, Vic.
ISBN 1 876627 36 0 
Dispite the general title the book mainly focusses
on the trading of warrants; there's very little on options and nothing on futures.
Still a good read with techniques application to anything that can be shorted. 
Murphy, John 
Technical Analysis of the Financial Markets 
NY Institute of Finance, NY. 1999. ISBN 0 735200661 
An easy read comprehensive introduction to technical
analysis from the fundamentals through trend and price patterns, analysis methods
such as moving averages and oscillators with somesound elementary money management
and trading tactics techniques. 
Peters, Edgar E. 
Chaos and order in the capital markets 
John Wiley & Sons, Inc. NY. 1991.
ISBN 0471533726 
Subtitle: A new view of Cycles, Prices and market
volatility. A good introduction to the application of chaos theory to understanding
market action. Readable but profound. Relevant to all markets. 
Renton, N.E. 
Understanding the stock exchange 
Information Australia. Melb.
1989. (3rd edition)
ACN 006 042 173 
That's the Australian Stock Exchange (ASX).
A BRW business library recommendation. Well written if a bit dull. An excellent index
for quick referencing. 
Taleb, Nassim Nicholas. 
Fooled By Randomness 
Textere LLC, NY, 2001.
ISBN 1587990717 
Subtitle: The Hidden Role of Chance in the Markets
and in Life. This book is about luck and how luck can be mistaken for skill. Written
by a selfopinionated options trader with many years of trading experience, he doesn't
suffer fools lightly, including his own occasional slips into selfdelusion about
the vagaries of the Goddess Fortuna. Many interesting and useful ideas about how
not to 'blowup' your trading bank. Actually very perceptive. 


The following books were used by
the Equis Corporation for the Interpretation of Indicators and Line Studies chapter
of the Metastock manual.
Equis also recommends these books to those needing additional information on technical
analysis.
For additional information on books, videos, software and other educational materials,
check out the EQUISDirect catalog on their web site at http://www.equis.com.
Achelis, Steven B. Technical Analysis from A to Z. Chicago, IL: Probus Publishing
Company, 1995.
Written by the president and founder of Equis International. This book contains an
introduction to technical analysis, plus a complete reference to over 100 indicators
and studies.
A thorough look at moving average trading systems, timing market cycles, the 12day
RateOfChange, etc.
Appel, Gerald and Hitschler, Fred. Stock Market Trading Systems. Homewood,
IL: Dow JonesIrwin, 1980.
The MACD from its creator.
Appel, Gerald. The Moving Average ConvergenceDivergence Method. Great Neck,
NY: Signalert, 1979.
Equivolume charting method, volume cycles, and the ease of movement indicator.
Arms, Richard W., Jr. Volume Cycles in the Stock Market. Salt Lake City, UT:
Equis International, Inc., 1994.
Explains the Black/Scholes option calculations used in MetaStock.
Bookstaber, Richard. The Complete Investment Book. Glenview, Illinois: Scott,
Foresman and Company, 1985.
A book describing a new statistically based breed of pricebased, and risk control
indicators.
Chande, Tushar S and Stanley Kroll. The New Technical Trader. New York: Wiley,
1994.
Cohen, A.W. How To Use The ThreePoint Reversal Method of Point & Figure Stock
Market Trading. Larchmont, NU: Chartcraft, 1984.
A detailed book on point & figure chart interpretation.
Dobson, Edward D. Understanding Fibonacci Numbers. Greenville, SC: Traders Press,
1984.
A brief overview of Fibonacci numbers. Contains an extensive bibliography.
Edwards, Robert D. and Magee, John. Technical Analysis of Stock Trends. Sixth Edition.
Boston, MA: John Magee, Inc., 1992. (Distributed by New York Institute of Finance.)
Explains trendlines and chart patterns.
Eng, William F. The Technical Analysis of Stocks, Options, & Futures. Chicago,
IL: Probus Publishing,1988.
Granville, Joseph E. New Strategy of Daily Stock Market Timing for Maximum Profit.
Englewood Cliffs, NJ: PrenticeHall, 1976.
A book from the inventor of On Balance Volume. Mr. Granville has earned a bearish
reputation, but his technical tools remain valid.
Kaufman, Perry J. Commodity Trading Systems and Methods. New York: Wiley, 1978.
A serious book for the serious technician. While not required, a strong background
in mathematics is helpful when reading this book.
Lebeau, Charles, and David Lucas. Technical Trader's Guide to Computer Analysis of
the Futures Market. Homewood, IL: Business One Irwin, 1991.
An excellent book that shows the historical performance of popular technical indicators
and oscillators.
Leibovit, Mark A. Using the Volume Reversal Survey in Market Analysis (5202821275).
This pamphlet provides information on some of the pattern finding functions in the
MetaStock formula language (i.e., Inside, Outside, Rally, and Reaction).
Merrill, Arthur A. Filtered WavesBasic Theory. Chappaqua, NY: The Analysis Press,
1977.
This is an entire book about the Zig Zag indicator. It is available from: Technical
Trends. John R. McGinley, Jr., P.O. Box 792, Wilton, CT 06897
Murphy, John J. Technical Analysis of the Futures Markets. New York, NY: New York
Institute of Finance, 1986.
One of the best single sources of information on technical analysis. You don't have
to trade commodities for this book to be valuable.
Natenberg, Sheldon. Option Volatility and Pricing Strategies. Chicago, IL: Probus
Publishing Company, 1988.
Explains the Black/Scholes option calculations used in MetaStock.
Nison, Steven. Japanese Candlestick Charting Techniques. New York, NY: New York Institute
of Finance, 1991.
Explains how to use and interpret Candlestick charts.
Nison, Steven. Beyond Candlesticks. New York, NY: Wiley, 1994.
Explains how to use and interpret Kagi, Renko, and Three Line Break charts.
Raff, Gilbert. Trading the Regression Channel. Salt Lake City, UT. Equis International,
1996.
Explains how to trade the Regression Channel and objectively draw trendlines.
Pring, Martin J. Technical Analysis Explained. Third edition. New York, NY: McGrawHill,
1991.
A complete, wellwritten book on technical analysis. Recommended.
Wilder, J. Welles. New Concepts in Technical Trading Systems. Greensboro, NC: Trend
Research, 1978.
Explains the interpretation and calculation of about a dozen indicators including
all of the Directional Movement indicators, the Relative Strength Index, and the
Commodity Selection Index. 