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Books For Traders | FEB 2011
Books For Traders
The Evolution Of Te ch n i c a l A n a ly s i s ( 2 1 2 p a ge s , $ 2 9 . 9 5 h a r dcover, 2010, ISBN 978-1-576-60349- 9) by And r ew W. L o a n d J a s m in a H a s a n h o d zi c, p u b l i s h e d b y Bloomberg Press, an imprint of John Wiley & Sons. For years, technical analysis has been misconceived as gambling or magic. This form of “voodoo finance” has sought to spot trends in the market, past, present, and future. This work presents an account of the origins and development of this “black art” from ancient times to the rise of Wall Street as a world financial center. With deep roots in antiquity, technical analysis is part art, part science, seeking to divine predictable patterns in historical market prices. What started as superstitions and coincidences has developed into widespread practices involving computational algorithms and visualization techniques.
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