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Investors are firmly entrenched in two camps: those who believe that economic and financial fundamentals are the keys to investment, and those who prefer some form of technical analysis. To serve those who prefer technical analysis, the author in this second edition has written a practical, useful and comprehensive guide to technical analysis.As in the previous edition, he models this book after Schaum’s mathematical outlines and will provides detailed examples without leaving out any steps. The book provides instructions on how to use statistical tests to determine if an economically-important time series is stationary or not stationary, random or non-random, and independent or dependent. In addition, he discusses and calculates serial correlation, runs and persistence, averaging and the pattern detection techniques: densitogram, periodogram, triggered categorized price histograms, and the temporal correlogram.
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