Martin Pring on Market Momentum – Martin Pring

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The book examines the principles underlying market momentum and discusses the advantages and disadvantages of various oscillators used to measure momentum. Written by one of the world’s foremost technical analysts, the book breaks new ground in its in-depth discussion of stochastics, relative strength and the very popular MACD indicator. Pring’s unique KST system combines oscillators and time cycles to produce very reliable trading signals. Topics include: Interpretation of momentum indicators; Characteristics of overbought and oversold markets; Trends analysis using momentum indicators; pros and cons of all major oscillators; How to use Wilder’s directional movement system.

From the Back Cover

“Given the crucial role that momentum plays in technical market analysis, Martin Pring on Market Momentum is particularly timely and informative. Pring covers all of the popular price momentun tools (Relative Strength Index, Stochastics, Moving Average Convergence/Divergence) as well as measures of volume and breadth (McClellan Oscillator and Summation Index, The Arms Index). He provides an excellent description of the Parabolic and Directional Movement Systems, which are invaluable in determining whether to utilize momentum or trend-following approaches. Finally, he throws in some original ideas of his own with his KST indicator. Pring’s many fans will want to add this volume to their collection of his other fine books. Readers unfamiliar with Pring’s work can use this book to begin their acquaintance with this outstanding technical writer.” JOHN J. MURPHY, author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC-TV. “Understanding market momentum is one of the most basic secrets to successful trading, and one concept that I would recommend every novice trader to master. Martin Pring explains in a clear and straightforward fashion not only momentum but a host of popular indicators; in addition, the reader will gain insight from the way that the veteran analyst and money manager applies those techniques.” THOM HARTLE, editor of Technical Analysis of Stocks & Commodities. “Eureka! There’s gold in these here pages! I have seldom been as excited about a new book. For many years there has been an urgent need for this very book, and at last, here it is! Essentially, it is a full-length, in-depth treatment of the majority of the technical studies and indicators that are included in virtually all stock and futures analytical software programs. This book… is the definitive guide, in my opinion. Market momentum is covered “from A to Z.” It begins with a primer on the basic principles that apply to all momentum indicators. Overbought/oversold conditions, divergences (both elementary and complex), advance breakdowns and breakouts, are all covered in detail. Combining momentum with trendlines, moving averages, price patterns, and peak/trough analysis complete the basic survey. I give this book my highest recommendation (to the appropriate audience). It will prove equally valuable to traders of stocks or futures.” ED DOBSON, President of Trader’s Press.