Charting and Technical Analysis by Fred McAllen

Charting and Technical Analysis by Fred McAllen

"Charting and Technical Analysis"—published independently by experienced investor and private market technician Fred McAllen—is a stark, blunt, and highly effective reality check for anyone relying on mainstream financial advice or complex math algorithms to navigate the stock market.

McAllen’s foundational warning is simple: mutual funds, Wall Street analysts, and "buy-and-hold" advisors do not care about your personal capital preservation. He written the book to show exactly how retail investors get led like slaughter to market tops, completely oblivious to the undeniable visual clues printing on their charts. McAllen strips away complex mathematical equations and focuses entirely on the basic anatomy of supply, demand, and price patterns, asserting that any everyday investor who learns to look at a chart objectively can out-trade the smartest minds on Wall Street.

McAllen’s Practical Rules for Capital Survival

• Volume Confirms the Reality of a Move: A stock breakout through resistance or down past support must be accompanied by a massive surge in volume to be considered valid. If a stock drops below a support floor on small volume, it may be a temporary blip; if it drops below support on massive volume, it means institutional panic selling has arrived—get out immediately.

• Keep Your Charts Perfectly Simple: McAllen warns against filling your trading screen with five different colored indicator lines that contradict each other. All you need to make money is raw price, trading volume, a couple of key moving averages, and a clean set of horizontal support and resistance lines.

• Preserve Your Principal Capital Above All Else: The number one goal of an investor is not to make money; it is to protect the cash they already have. Small losses are an expected part of the market, but letting a small 5% loss transform into a catastrophic 50% loss because of stubbornness is an unforgivable mistake.

Language: English.

Genre: Finance.

Binding: সেলাই করা বাইন্ডিং

Quality: Premium Quality Books.

Printing: High Quality Printing.

Paper: Eye Friendly paper (Cream White)

Cover: Matt cover (Paperback).