Over the last decade I have met many of the top
technical analysis "gurus" as well as shared experiences with thousands
of newcomers. The common element I've discovered among investors who
use technical analysis, regardless of their expertise, is the desire to learn more.

No single book, nor any collection of books, can
provide a complete explanation of technical analysis. Not only is the
field too massive, covering every thing from Federal Reserve reports to
Fibonacci Arcs, but it is also evolving so quickly that anything written today becomes incomplete (but not obsolete) tomorrow.

Armed with the above knowledge and well aware of
the myriad of technical analysis books that are already available, I
feel there is a genuine need for a concise book on technical analysis
that serves the needs of both the novice and veteran investor. That is what I have strived to create.

The first half of this book is for the newcomer. It
is an introduction to technical analysis that presents basic concepts
and terminology. The second half is a reference that is designed for
anyone using technical analysis. It contains concise explanations of numerous technical analysis tools in a reference format.

When my father began using technical analysis
thirty years ago, many people considered technical analysis just
another 1960's adventure into the occult. Today, technical analysis is
accepted as a viable analytical approach by most universities and
brokerage firms. Rarely are large investments made without reviewing
the technical climate. Yet even with its acceptance, the number of
people who actually perform technical analysis remains relatively
small. It is my hope that this book will increase the awareness and use
of technical analysis, and in turn, improve the results of those who practice it.