John Murphy's "Technical Analysis of Financial Markets" is called the Bible of technical analysis.
The brief introduction is as follows:
John Murphy is an American commodity futures technical analyst who has been engaged in technical analysis for more than 30 years. He currently serves as a futures technical analyst for CNBC, a Colombian national broadcaster. He has served as director of analytical research at Merrill Lynch, senior technical analysis editor at the Commodity Research Bureau, director of the Market Technical Analysts Association (MTA), and professor at the New York School of Finance. For his outstanding contributions to global market technical analysis, John Murphy won the alliance's first annual award at the fifth "World Market Technical Analysts Alliance (MTA)" in October 1992, and again won the "Technical Analysis" award in 2002. "Outstanding Contribution Award". "Technical Analysis of Futures Market" written by John Murphy is regarded as the "Bible" of technical analysis.
In 1999, John Murphy revised "Technical Analysis of Futures Market" , and renamed it "Technical Analysis of the Financial Markets" ("Technical Analysis of the Financial Markets")
As a master in the field of technical analysis, John Murphy has a unique view on the realm of technical analysis. , the connotation of technical analysis is far richer than a set of professional information carefully put together, because it is the wonderful combination of different research approaches and professional fields that creates technical analysis. In order to explain its ins and outs, at least more than 10 research fields must be used. Organized organically to form a complete theoretical system, when we look at the book "Technical Analysis of Futures Markets" again after so many years, we still feel that the content is very rich, and the entire writing is very concise, giving people a feeling of horse racing and mystery. There is a sense of airtightness. Some people always take the trouble to make simple concepts profound and complex, but John Murphy does not do this. He prefers to be simpler and simpler because he has also tried to go from very simple to very complex. For most technical analysis tools, the conclusion is - "In most cases, simpler ones are often more effective." Therefore, John Murphy tells the majority of investors through the book "Technical Analysis of Futures Markets": Everything is the same. "Strive for simplicity." John Murphy also promotes his simple and clear investment principles. He once said at the 18th Technical Analysis Conference hosted by Dow Jones-Orleans, which included stock and futures investors, "Because I Simplifying my investment skills makes my job more convenient."