{"product_id":"the-evolution-of-technical-analysis-hardcover","title":"The Evolution of Technical Analysis - Hardcover","description":"\u003cp\u003eby \u003cb\u003eAndrew W. Lo\u003c\/b\u003e (Author), \u003cb\u003eJasmina Hasanhodzic\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA comprehensive history of the evolution of technical analysis from ancient times to the Internet age\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWhether driven by mass psychology, fear or greed of investors, the forces of supply and demand, or a combination, technical analysis has flourished for thousands of years on the outskirts of the financial establishment. In \u003ci\u003eThe Evolution of Technical Analysis: Financial Prediction from Babylonian Tablets to Bloomberg Terminals\u003c\/i\u003e, MIT's Andrew W. Lo details how the charting of past stock prices for the purpose of identifying trends, patterns, strength, and cycles within market data has allowed traders to make informed investment decisions based in logic, rather than on luck. The book\u003cbr\u003e \u003c\/p\u003e \u003cul\u003e \u003cli\u003eReveals the origins of technical analysis\u003c\/li\u003e \u003cli\u003eCompares and contrasts the Eastern practices of China and Japan to Western methods\u003c\/li\u003e \u003cli\u003eDetails the contributions of pioneers such as Charles Dow, Munehisa Homma, Humphrey B. Neill, and William D. Gann\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Evolution of Technical Analysis\u003c\/i\u003e explores the fascinating history of technical analysis, tracing where technical analysts failed, how they succeeded, and what it all means for today's traders and investors.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003eA movement is over when the news is out, so goes the Wall Street maxim. For thousands of years, technical analysis--marred with common misconceptions likening it to gambling or magic and dismissed by many as \"voodoo finance\"--has sought methods for spotting trends in what the market's done and what it's going to do. After all, if you don't learn from history, how can you profit from it? \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Evolution of Technical Analysis\u003c\/i\u003e, the director of MIT's Laboratory for Financial Engineering, Andrew Lo, and coauthor Jasmina Hasanhodzic present an engaging account of the origins and development of this mysterious \"black art,\" tracing its evolution from ancient Babylon to the rise of Wall Street as the world's financial center. Along the way, the practices of Eastern technical analysts like Munehisa Homma (\"the god of the markets\") are compared and contrasted with those of their Western counterparts, such as Humphrey Neill, William Gann, and Charles Dow (\"the father of technical analysis\").\u003c\/p\u003e \u003cp\u003eWith deep roots in antiquity, technical analysis is part art and part science, seeking to divine trends, reversals, cycles, and other predictable patterns in historical market prices. While the techniques for capturing such regularities have evolved considerably over the centuries, the all-too-human predilection to extrapolate into the future using the past has been a constant driving force throughout history.\u003c\/p\u003e \u003cp\u003eThe authors chronicle the fascinating and unexpected path of charting that likely began with simple superstitions and coincidences, and has developed into widespread practices in many markets and instruments, involving sophisticated computational algorithms and visualization techniques. \u003ci\u003eThe Evolution of Technical Analysis\u003c\/i\u003e is the story of how some early technicians failed miserably, how others succeeded beyond their wildest dreams, and what it means for traders today.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\"A movement is over when the news is out,\" so goes the Wall Street maxim. For thousands of years, technical analysis--marred with common misconceptions likening it to gambling or magic and dismissed by many as \"voodoo finance\"--has sought methods for spotting trends in what the market's done and what it's going to do. After all, if you don't learn from history, how can you profit from it? \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Evolution of Technical Analysis\u003c\/i\u003e, the director of MIT's Laboratory for Financial Engineering, Andrew Lo, and coauthor Jasmina Hasanhodzic present an engaging account of the origins and development of this mysterious \"black art,\" tracing its evolution from ancient Babylon to the rise of Wall Street as the world's financial center. Along the way, the practices of Eastern technical analysts like Munehisa Homma (\"the god of the markets\") are compared and contrasted with those of their Western counterparts, such as Humphrey Neill, William Gann, and Charles Dow (\"the father of technical analysis\"). \u003c\/p\u003e\u003cp\u003eWith deep roots in antiquity, technical analysis is part art and part science, seeking to divine trends, reversals, cycles, and other predictable patterns in historical market prices. While the techniques for capturing such regularities have evolved considerably over the centuries, the all-too-human predilection to extrapolate into the future using the past has been a constant driving force throughout history. \u003c\/p\u003e\u003cp\u003eThe authors chronicle the fascinating and unexpected path of charting that likely began with simple superstitions and coincidences, and has developed into widespread practices in many markets and instruments, involving sophisticated computational algorithms and visualization techniques. \u003ci\u003eThe Evolution of Technical Analysis\u003c\/i\u003e is the story of how some early technicians failed miserably, how others succeeded beyond their wildest dreams, and what it means for traders today.s\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eANDREW W. LO\u003c\/b\u003e is the Harris \u0026amp; Harris Group Professor of Finance at MIT Sloan School of Management and the director of MIT's Laboratory for Financial Engineering. He has published numerous papers in leading academic and practitioner journals, and his books include \u003ci\u003eThe Econometrics of Financial Markets, A Non-Random Walk Down Wall Street\u003c\/i\u003e, and \u003ci\u003eHedge Funds: An Analytic Perspective\u003c\/i\u003e. His awards include the Alfred P. Sloan Foundation Fellowship, the Paul A. Samuelson Award, the Graham and Dodd Award, the James R. Vertin Award, and the American Association of Individual Investors Award. He is also Chairman and Chief Investment Strategist of AlphaSimplex Group, LLC. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJASMINA HASANHODZIC\u003c\/b\u003e is a research scientist at Alpha-Simplex Group, LLC, where she develops quantitative investment strategies and benchmarks. She received her PhD from MIT's Department of Electrical Engineering and Computer Science. Her works on alternative market betas and technical analysis have appeared in leading publications, such as the \u003ci\u003eJournal of Investment Management\u003c\/i\u003e, and she is the coauthor with Andrew Lo of the book \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eHeretics of Finance\u003c\/i\u003e. She also serves on the Board of Directors of the Market Technicians Association Educational Foundation.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 224\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.8 x 9.1 x 6.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 04, 2010\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51760500375840,"sku":"9781576603499","price":29.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/29720109d0486fd5f3d06c69916c5aac.webp?v=1780181646","url":"https:\/\/ebocreations.com\/products\/the-evolution-of-technical-analysis-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}