* Análisis técnico explicado. MARTIN J. PRING. Ed. Gesmovasa. Madrid 1.989
* Análisis técnico bursátil. D. AMAT, X. PUIG . Ed. Gestió 2000 Barcelona 1.989
* Cómo pueden proporcionarle dinero los gráficos. T.H.SEWART. Ed. Gesmovasa. Madrid 1.988
* El principio de la onda de Elliot. FROST Y PRECHTER. Ed. Gesmovasa. Madrid 1.989
* Manual de análisis técnico. CODINA CASTRO, JOSE. Ed. Inversor ediciones S.L. Madrid 1.997
* Curso práctico de Bolsa. AB ASESORES. Editada por el diario 5 DIAS. 1.997
* Avances recientes en predicción bursátil. IGNACIO OLMEDA. Universidad de Alcalá (Sección de publicaciones)
* Curso práctico de análisis técnico y chartismo. INVERSION Y DIVULGACION S.L.
* Opciones sobre futuros ( 1992 ) Colburn, James T. Ed. Gesmovasa
* Enciclopedia mundial de los osciladores técnicos del mercado ( 1992) Colby, Robert W. ; Meyers, Thomas A. Ed. Gesmovasa
* Swaps sobre tipos de interés y sobre divisas ( 1995 ) Dattatreya, Ravi E. ; Venkatesh, Raj E. S. ; Venkatesh, Vijaya E. Ed. Gesmovasa
* Análisis técnico de las tendencias de los valores ( 1995 ) Edwards, Robert D. ; Magee, John Ed. Gesmovasa
* Recuerdos de un operador de acciones ( 1990 ) Lefevre, Edwin Ed. Gesmovasa
* Análisis técnico explicado ( 1989 ) Martin, J. Pring Ed. Gesmovasa
* Mercados derivados sobre índices bursátiles ( 1994 ) Martín Marín, José Luis Ed. Gesmovasa
* Análisis técnico de los mercados de futuros ( 1995 ) Murphy, John J. Ed. Gesmovasa
* Más allá de las velas ( 1996 ) Nison, Steve Ed. Gesmovasa
* El principio de la onda de Elliott ( 1995 ) Prechter, Robert Rougelot ; Frost, Alfred John Ed. Gesmovasa
* Jesse Livermore Rey de la Especulacion ( 1990 ) Sarnoff, Paul Ed. Gesmovasa
* Pinceles marinos ( 1993 ) Segura Aparicio, María Teresa Ed. Gesmovasa
* Cómo pueden proporcionarle dinero los gráficos ( 1995 ) Stewart, T. H. Ed. Gesmovasa
* Cómo pueden proporcionarte dinero los gráficos ( 1996 ) Stewart, T. H. Ed. Gesmovasa
* Secretos Stan Weinstein para ganar dinero en mercados alcistas y bajistas ( 1991 ) Weinstein, Stan Ed. Gesmovasa
* Nuevos conceptos sobre sistemas técnicos de operación en bolsa (1988 ) Wilder, J. Welles (Jr.) Ed. Gesmovasa
* Curso de bolsa y mercados financieros. Jose Luis Sanchez Fernandez de
Valderrama . Ed. Ariel economia.
* Inversiones . Kolb . Limusa . Ed. Noriega editores.
* Un paseo aleatorio por WS. Burton G. Malkiel . Ed. Alianza editorial.
* Valoracion de aciones en la bolsa Española. Fernando Gomez-Bezares y otros.
DDB Biblioteca de Gestion.
* Alta rentabilidad en bolsa y otros mercados financieros .Carlos Jaureguizar
Frances. Publicado por noesis análisis financiero.
* Como sobrevivir a la gran depresión de 1990 .Ravi Batra .Ed grijalbo.
* Ingenieria financiera (dos volumenes).Lawrence Galitz. Ed. Folio.
* La Bolsa. Amat. Editorial Planeta.
* Una opa histórica. Editorial Planeta
* Zen en los mercados. Edward allen toppel. Editorial Edae.
* Invertir en bolsa. Eduardo Martínez Abascal. Editorial Mc Graw Hill (Universidad de Navarra)
* Valoración de empresas. Pablo Fernandez. Editorial gestion 2000
* Invertir en Bolsa. Varios Autores. Editorial Idelco
Bibliografía en inglés
* Japanese Candlestick Charting techniques . Steve Nison
* CandlePower. Gregory L. Morris
* Technical Analysis from A to Z . Steven B. Achelis
I. General Reference Materials.
* Guerard, John and H.T. Vaught. «The Handbook of Financial Modeling.» Chicago: Probus Publishing, 1989.
This book does not precisely belong in a bibliography of investment tools except as a reference to more general financial and mathematical concepts. Since it is really
geared as a handbook for financial executives, the investment perspective is naturally different than that of an individual investor. However, it is useful as an overall review of financial statement analysis, linear regression forecasting models, etc.
* Harper, Victor L. «Handbook of Investment Products and Services.» New York: New York Institute of Finance, 1986.
Despite the fact that it is somewhat dated in its information, it is still a useful guide for providing a broad overview on various investment alternatives, strategies, and basic concepts all in one place.
* Heckman, Lucy. «The New York Stock Exchange : a guide to information sources.» New York: Garland, 1992. Series:
Research and information guides in business, industry, and economic institutions; vol. 6. Garland reference library of social science; vol. 759.
This is an excellent reference work to finding information on the New York Stock Exchange. It covers general history of the exchange as well as some more prominent periods such as
the crash of 1929 and the crash of 1987. In addition to the more traditional bibliographic references listed, there is also extensive coverage given to online and CD-ROM sources.
There is a subject, author, and title index.
* Hulbert, Mark. «The Hulbert Guide to Financial Newsletters«. Alexandria, VA: Mark Hulbert Publishing Co., 1991.
This guide attempts to summarize some of the most popular stock market newsletter current being published. There are so many, that clearly not all can be reviewed but the book does devote several pages to about 120 newsletters. It suggests some criteria by which to judge newsletters and their value as well as an indication of each’s overall performance track record. Often, there is also insight to the investment community’s perception of the newsletter and the reasons behind it.
* Pond, Jonathan. «Jonathan Pond’s Guide to Investment & Financial Planning.» New York: Simon & Schuster, 1991.
As the title implies, this book takes a broad view of personal finances. Investing is viewed as a means to a specific end, eg, funding college educations, retirement, etc. It defines a lot of terms and suggest various alternative methods for achieving personal financial goals. It is not intended as a how-to in investing.
II. Statistical Sources.
* «Hoover’s Handbook of American Business 1992.» ed. Hoover, Gary, Alta Campbell, and Patrick J. Spain. Austin, TX: The Reference Press, Inc., 1992.
This is the layman’s version of data typically available from Dun & Bradstreet, Standard & Poor’s, etc. It covers 500 companies and, in addition, to the expected business
description and financial data for the each company, it also gives the corporate headquarters address, telephone number, and the names of the senior officers.
* Standard & Poor’s Corporation. «S&P 500 information bulletin.» New York: Standard & Poor’s Corporation, 1987- Monthly.
This is a monthly publication which contains performance data for the index, a listing of relevant financial data for each of the stocks in the S&P 500, and market commentary and
analysis.
* «Stock Guide.» New York: Standard & Poor’s, 1943-Monthly.
This is a monthly publication which provides financial data on over 5200 common and preferred stock plus approximately 650 mutual fund issues. Included is the ticker symbol, where the stock is traded, dividend information, price range of the stock, annual earnings, principal business, and par value. It covers issues on the New York Stock Exchange, the
American Stock Exchange, Over-the-Counter (NASDAQ), London, and others. It is very useful for finding quick statistical information on any listed stock.
* «Stock Market Encyclopedia.» New York: Standard &Poor’s. Published four times per year.
Provides detailed financial and text data on 750 companies. Describes the company’s business and any relevant activites it engaged in during the period. A full page is devoted to
each company.
* «Trendline’s Current Market Perspectives.» New York: Standard & Poor’s, 1991 – Monthly.
Includes the weekly high, low and close charts for almost 1500 stocks, 30-week moving average, and industry group relative strength. Other figures include sales for most
recent three years, earnings, dividends, current P/E, and current yield. While this is not the only source of this charted data, it is handy for those who prefer or need to use print. There are six charts (i.e., companies) to each 8 1/2 x 11 page.
* Value Line, Inc. «Value Line Investment Survey.» New York: Value Line, Inc., v.1, 1931- Weekly.
Value Line is a well regarded investment advisory service registered with the US Securities and Exchange Commission (SEC). The publication consists of three parts: a weekly
alphabetical listing of approximately 1700 stocks at their most recent prices and other statistical data — the Summary and Index section; a section called Selection & Opinion
which analyzes the outlook of a stock; and the Ratings and Reports section which presents a full page report on each of the 1700 stocks. Over the course of a year, all stocks are
updated. It is a very comprehensive source which serves as a ready reference for a variety of statistical and financial indicators. Also tracks insider trading. The only drawback is that smaller stocks are not always covered by them.
* Vickers Stock Research. «Vickers stock traders guide.» Huntington, N.Y.: Vickers Stock Research, 1988-
This is a quarterly publication which lists institutional stock ownership by industry. Buys and sells made in traded stocks are listed. Useful information for determining how likely a stock would be affected by institutional trading.
III. Topical Monographs
A. General market reading.
* Appel, Gerald. «Winning market systems.» 3rd ed. Brightwaters, NY: Windsor Books, 1989.
Focuses on charts, trendlines and market timing strategies. Fairly fast reading, just over 200 pages.
* Dunn, Ruben J. and John Morris. «The Crash Put Simply: October 1987.» New York: Praeger, 1988.
The authors have written a «plain English» version of the economics that led to the October 19, 1987 stock market crash. Their goal is to explain financial terms that one hears everyday and illustrate them with real life examples to de-mystify the workings of the economy. It’s the sort of book that if you have time, it would be nice to read.
* Dunnan, Nancy. «Dun & Bradstreet Guide to $Your Investments$ 1992.» New York: HarperCollins Publishers, Inc., 1992.
A very clearly written guide to investing which provides a virtual checklist of things to consider about your portfolio and making investment decisions. Covers the various
securities available, tax considerations, resources to use, plus lots of references for additional information on all topics discussed.
* Gleick, James. «Chaos: Making a New Science.» New York: Penguin Books, 1987.
A very readable and entertaining book which introduces the subject of chaos as a science. Chaotic theory holds that what we normally perceive to be chaotic is in fact orderly
and conforms to certain predictable patterns. While it focuses primarily on scientific patterns, it is a variation of these patterns that economists look for in leading trend indicators and investors use to make stock predictions. While not precisely an investment tool, it is of interest to the investor who sees order where others see chaos and tries to understand the underlying rules which govern our universe.
* «The Individual Investor’s Guide to Computerized Investing.» ed. Fred Shipley. 7th ed. Chicago: International Publishing Corp., 1990.
This is essentially a resource guide for the microcomputer owner. It is a publication of the American Association of Individual Investors. The directory lists and describes hundreds of various investment software programs available including portfolio management, technical analysis, etc. The Association publishes this book every November, but I don’t yet have the current copy.
* Keyes, Thomas R. and David Miller. «The Global Inve$tor: How to Buy Stocks Around the World.» Chicago: Longman Financial Services Publishing, 1990.
For the investor who’s ready to move to the next step, this book is useful in explaining how to add foreign investments to your portfolio. The additional considerations that come
into play when investing globally are reviewed and discussed with some suggestions on strategies to consider.
* Lehmann, Michael B. «The Business One Irwin Guide to Using the Wall Street Journal.» 3rd ed. Homewood, IL: Business One Irwin, 1990.
This is a useful book for both the novice and the individual who wishes to make better use of the financial data available in the «Journal.» It takes the data presented and shows how to make it fit into the overall scheme of things. As an economics professor, his book explains basic market economy to the reader and relates these to the facts and figures found in the «Journal» and their relationship to investing. His writing style is non-technical.
* Lynch, Peter. «One Up on Wall Street.» New York: Penguin Books, 1990.
If you want to learn about relativity, you study Einstein. Logically then, if you want to learn about investing, you should study those who have clearly excelled in their field. Peter Lynch and his Magellan Fund was the top performing mutual for several years. His book is written clearly and in a very readable fashion. He doesn’t pretend that he has secrets to share, but does encourage the individual investor to capitalize on what you already know. (For example, he’s been known to explain that he made money on Dunkin’ Donuts because he could understand that business vs. say biotechs!)
While his book is entertaining, it is not as specific and, therefore, perhaps not as useful as either Schwab’s or Zweig’s who give very specific advice and how-to methods. Still, it’s entertaining reading and offers a viable approach to investing.
* Malkiel, Burton G. «A Random Walk Down Wall Street«. 4th ed. New York: Norton & Company, 1985.
Even though it’s a bit dated, this is still a useful book for understanding the basics of serious investing and, specifically, fundamental versus technical analysis.
* O’Neil, William J. «How to Make Money in Stocks.» New York: McGraw, Hill, 1991.
The founder of the 5-day daily newspaper, «Investor’s Business Daily,» O’Neil’s book offers his method for selecting stocks. His approach is more company specific rather than market or indicator specific. Clearly written.
* Rome, Beatrice K. and Sydney C. Rome. «Leviathan: A Simulation of Behavioral Systems, to Operate Dynamically on a Digital Computer.» Santa Monica, California: System Development Corporation, 1959.
A fairly short work that gives some perspective on the theories and experimentation which eventually led to the modern views of neural networks and behavioral dynamics as
they apply to the stock market. It is interesting to read about the type of computer equipment they used in light of that available in 1992.
* Schwab, Charles. «How to Be Your Own Stockbroker.» New York: Dell Publishing, 1984.
Another book from one of the «pros». Fast reading (only 200 pages). Gives advice about why you should rely on yourself for investment decisions and how to make those decisions in
an intelligent mannner. His philosophy is closer to the «buy and hold» approach.
* Wurman, Richard Saul, Alan Siegel, and Kenneth M. Morris. «The Wall Street Guide to Understanding Money and Markets.» New York: Access Press, 1990.
This is an illustrated guide to the securities markets which explains how to read financial pages, defines terminology, and generally attempts to serve as a ready reference to
those beginning in the world of finance and personal investment management. Very readable.
* Zweig, Martin E. «Martin Zweig’s Winning on Wall Street.» New York: Warner Books, 1990.
Unlike Peter Lynch’s book, Martin Zweig’s focuses more on his methodology and approach to the stock market. While he uses several indicators, his favorites are monetary and
momentum indicators which he incorporates into his model described in the book. Like the newsletter he publishes, his advice is very specific.
B. Technical Analysis and Charting.
Arnold, Curtis M. and Dan Rahfeldt. «Timing the Market. How to Profit in Bull and Bear Markets with Technical Analysis.» Chicago: Probus Publishing, 1986.
I think of this book as a primer to technical analysis. It is written in very understandable language and is geared to the investor who is just discovering the advantages of
technical analysis and charting. It takes you step by step, explaining new concepts very clearly before moving on to the next as well as explaining why certain precepts work or why
they won’t. While the investor who already studies charts will find this book simplistic, it is a good tool for the beginner. It’s drawback is that only a few indicators are covered: moving average, momentum, and cycles.
* Colby, Robert W. and Thomas A. Meyers. «The encyclopedia of technical market indicators.» Homewood, IL: Dow Jones-Irwin, 1988.
A very comprehensive guide on well over 100 indicators. It is particularly useful for trading and analysis software owners. Some of the indicators covered are: McClellan oscillator, relative strength index, Williams % R, directional movement index, Commodity channel index,
exponential moving average, and divergence analysis.
* Edwards, Robert D. and John Magee. «Technical analysis of stock trends.» 6th ed. Boston: J. Magee Inc.; New York: New York Institute of Finance, 1992.
This book is sometimes referred to as the «Bible» of technical analysis. It is at the least a classic on analysis of bar charts. In addition to chart patterns themselves, explores the psychology that lies behind their evolution and resolution. In-depth analysis of many topics which include: Dow theory, reversal patterns and phenomoena, stop orders, gaps, price measuring implications of patterns, support and resistance, and trendlines.
* Meyers, Thomas A. «The technical analysis course: a winning program for stock & futures traders & investors.» Chicago: Probus Pub. Co., 1989.
A well-organized self-study course introducing investors to the most widely accepted basic and advanced technical analysis concepts. Each lesson is followed by a quiz which tests the reader’s comprehension and retention. Some of topics covered include: relative strength analysis, major reversal chart patterns, technical market indicators, oscillators, stochastics, gaps, volume and open interest, trendlines and channels.
* Nison, Steve. «Japanese Candelstick Charting Techniques: a contemporary guide to the ancient investment technique of the Far East«. New York: New York Institute of Finance, 1991.
This book is perhaps the only reference guide to the market analysis technique which is just now becoming well-known in the Western world (originally developed hundreds of years
ago by rice traders in Japan). The author first wrote an introductory article on candlesticks in 1989 which precipitated such response that the book grew out of his ensuing lectures, additional articles, etc. It covers the historical background of candlestick charting, candlestick
chart construction, the different patterns and their meanings, as well as the use of candlesticks with trendlines, moving averages, oscillators (RSI, stochastics and momentum), volume and open interest, Elliott wave, market profile, and options. It is a book that the technical analyst should read very carefully.
* Prechter, Robert R. and Alfred J. Frost. «Elliot Wave Principle: Key to Stock Market Profits.» New York: New Classics Library, 1990.
This is one of the classic theories on stock market forecasting on which most current technical analysts have incorporated many of their trading techniques. In the early
1930’s, Ralph N. Elliot developed his theory on stock market forecasting based on the Dow Jones Industrial Average (DJIA). He used the theories established by Charles Dow and
expanded them to create a fairly predicatable forecast model. Another believer of «order out of chaos», his theory looks at the wave pattern and uses it to predict where the market is going. Although the book is clearly intended for the serious investor, Prechter and Frost have done a good job of presenting the material without using complex mathematical formulas and illustrate the principles with numerous examples. For the advanced student of the stock
market who has had practice analyzing trends, this book offers another dimension to the puzzle.
* Pring, Martin J. «Technical analysis explained: the successful investor’s guide to spotting investment trends and turning points.» 3rd ed. New York: McGraw-Hill, 1991.
A comprehensive discussion of technical analysis covering such topics as trend determination techniques, financial markets and the business cycle, Dow theory, price patterns, market structure, identification of cycles, why interest rates affect the stock market, and technical analysis of international stock markets, individual stocks, gold, currencies, and commodity markets. It has several appendices, a glossary, and a bibliography.
