Recommended Reading

In response to client requests we present this list of recommended reading. Note that technical analysis comprises only a very small part of this list.

If I have learned one thing over the years it is that, with reference to a technical forecast, one should never think ‘well that can’t happen.’ A review of history reveals that the unexpected routinely occurs, and usually when it is most inconvenient to the greatest number of people. A good grasp of science, market theory, and human nature reveals why this is the case. Where the subject matter of the book does not seem to relate to technical analysis or the markets we give a brief explanation for why that particular book is listed.

These are some of the books that have helped me over the years to see the broader context, to appreciate the bigger picture, to comprehend the sweep of history, and sympathize with the drama that is the human condition. After all, the price action that is the subject of study for technical analysis does not occur in a vacuum. The price action of the markets express the full range of the dynamics of human nature. And so the deeper our understanding of human nature and of nature herself, the more profound our understanding of the markets.

Technical Analysis
Japanese Candlestick Charting Techniques, Nison
Technical Analysis of Stock Trends, Edwards and Magee
Mastering Elliott Wave, Neely ( digestible in small doses )

Darkness at Dawn: The Rise of the Russian Criminal State, Satter
DEBT: The First 5,000 Years
Guns, Germs, and Steel, Diamond
Collpase, Diamond
Late Victorian Holocausts, Davis ( how the ‘third world’ came to be )
How Rome Fell, Goldsworthy ( because I am tired of hearing about how inflation did it )
The Iranians, Mackey ( explores the bipolar nature of Iranian culture )

Economic History
The Mystery of Banking, Rothbard
The Ascent of Money, Ferguson
History of Money and Banking in the US: the Colonial Era to WW II, Rothbard
Greenback, Goodwin
The Panic of 1907, Bruner and Carr
The Causes of the Economic Crisis, von Mises
The Great Crash 1929, Galbraith
Greenspan’s Bubbles, Fleckenstein
This Time is Different, Reinhart and Rogoff
When Corporations Rule the World, Korten

Market Dynamics
Extraordinary Popular Delusions, Mackay
The Myth of the Rational Market, Fox
Animal Spirits, Akerlof and Schiller
Predictably Irrational, Ariely
Wave Principle of Human Social Behavior, Prechter
Bright-Sided, Ehrenreich

Demographics and Economics
The Fourth Turning, Strauss and Howe ( deomographics of long term cycles )
Financial Reckoning Day, Bonner and Wiggin

A Short History of the Universe, Silk
Chaos, Gleick
The Quantum Brain, Satinover
The Turbulent Mirror, Briggs and Peat

Tao Te Ching, translated by Feng and English
Nagarjuna – Philosophy of the Middel Way, Kalupahana
Anaximander, Heraclitus, Parmenides, Plotinus, Laotzu, Nagarjuna, Karl Jaspers
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