Praise for INTERMARKET ANALYSIS
‘John Murphy has done it again. He dissects the global
relationships between equities, bonds, currencies, and commodities
like no one else can, and lays out an irrefutable case for
intermarket analysis in plain English. This book is a must-read for
all serious traders.’
-Louis B. Mendelsohn, creator of Vantage Point Intermarket Analysis
software
‘John Murphy’s Intermarket Analysis should be on the desk of every
trader and investor if they want to be positioned in the right
markets at the right time.’
-Thom Hartle, President, Market Analytics, Inc.
(www.thomhartle.com)
‘This book is full of valuable information. As a daily practitioner
of intermarket analysis, I thought I knew most aspects of this
invaluable subject, but this book gave me several new ideas. I
thoroughly recommend it for beginners and professionals.’
-Martin Pring, President of Pring.com and editor of the Intermarket
Review Newsletter
‘Mr. Murphy’s Intermarket Analysis is truly the most efficient and
unambiguous way to define economic and fundamental relationships as
they unfold in the market. It cuts through all of the conflicting
economic news/views expressed each day to provide a clear picture
of the ‘here and now’ in the global marketplace.’
-Dennis Hynes, Managing Director, R. W. Pressprich
‘Master Murphy is back with the quintessential look at intermarket
analysis. The complex relationships among financial instruments
have never been more important, and this book brings it all into
focus. This is an essential read for all investors.’
-Andrew Bekoff, Technical Strategist, VDM NYSE Specialists
‘John Murphy is a legend in technical analysis, and a master at
explaining precisely how the major markets impact each other. This
updated version provides even more lessons from the past, plus
fresh insights on current market trends.’
-Price Headley, Big Trends.com, author of Big Trends in Trading
Mục lục
Acknowledgments ix
Introduction to Intermarket Analysis xi
1. A Review of the 1980s 1
2. 1990 and the First Persian Gulf War 17
3. The Stealth Bear Market of 1994 33
4. The 1997 Asian Currency Crisis and Deflation 51
5. 1999 Intermarket Trends Leading to Market Top 65
6. Review of Intermarket Principles 81
7. The NASDAQ Bubble Bursts in 2000 97
8. Intermarket Picture in Spring 2003 115
9. Falling Dollar During 2002 Boosts Commodities 131
10. Shifting from Paper to Hard Assets 145
11. Futures Markets and Asset Allocation 159
12. Intermarket Analysis and the Business Cycle 179
13. The Impact of the Business Cycle on Market Sectors 199
14. Diversifying with Real Estate 217
15. Thinking Globally 235
Appendix 247
Index 263
Giới thiệu về tác giả
John J. Murphy, former technical analyst for CNBC, is the Chief Technical Analyst for Stockcharts.com and President of Murphy Morris Money Management Co. He has over 30 years of market experience and is author of several best-selling books, including Technical Analysis of the Financial Markets, which is widely regarded as the standard reference in the field. His book Intermarket Technical Analysis created a new branch of technical analysis emphasizing market linkages. Stocks Commodities Magazine (October 2002) described his intermarket work as ‘unparalleled’. His third book The Visual Investor applies charting principles to sector analysis. John has appeared on Bloomberg TV, CNN Moneyline, Nightly Business Report, and Wall $treet Week with Louis Rukeyser, and has been quoted in Barron’s and other prominent financial publications. He received a BA in Economics and an MBA from Fordham University in New York. In 1992, John was given the first award for outstanding contribution to global technical analysis by the International Federation of Technical Analysts, and is the recipient of the 2002 Market Technicians Association Annual Award.