Asset Allocation Techniques and Financial Market Timing

(Hardback)

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Description

The first three chapters of this work furnish the fundamentals for an investigation into the investment setting, the overall economic framework, and some of the keys in common stock selection. Chapter 3 utilises some valuation techniques from information taken from Trendline Charts and related publications. Chapter 4 and 5 include vertical bar charts, their role in the asset allocation process, estimation of price objectives, and decision making. Chapters 6, 7 and part of Chapter 8 provide an extensive examination of point and figure charts, old and new. Although more traditional ideas are reviewed, many new patterns are introduced to correct some long-standing criticisms of the discipline and to improve timing in the decision process. Chapter 8 also covers approaches to forecasting the aggregate market. Group analysis is examined in unique fashion in Chapter 9, while Chapter 10 looks at market anomalies with some portfolio simulation thrown in for good measure. Chapter 11 contains an intermarket technical analysis view of forecasting bond prices and yields. Chapter 12 concludes the book with an analytical treatment of mutual funds as a portfolio component ensuring diversification and risk reduction.

Reviews

Charting techniques are making a comeback in investment circles; thus this volume is very timely. The book's strength is its liberal use of helpful illustrations for the various charting techniques. The authors present and excelent treatment of both vertical bar and point-and-figure charts, but especially so for the latter. Suitable for all students of the financial markets, both academics and practitioners, the book fills a void in the literature since material on point-and-figure charts is difficult to find in financial reference materials today. Written on a level that undergraduate students can easily understand, the book will find a place in investment-related courses that investigate the field of technical analysis.-Choice
"Charting techniques are making a comeback in investment circles; thus this volume is very timely. The book's strength is its liberal use of helpful illustrations for the various charting techniques. The authors present and excelent treatment of both vertical bar and point-and-figure charts, but especially so for the latter. Suitable for all students of the financial markets, both academics and practitioners, the book fills a void in the literature since material on point-and-figure charts is difficult to find in financial reference materials today. Written on a level that undergraduate students can easily understand, the book will find a place in investment-related courses that investigate the field of technical analysis."-Choice

Author Bio

CARROLL D. ABY, JR., is the N.B. Morrison Professor of Applied Management and Professor of Finance at Northwestern State University in Natchitoches, Louisiana. He has held investment broker positions with Merrill Lynch, A.G. Edwards & Sons, Inc., and Paine Webber, and is currently consulting in the field of investment management, financial valuation, personal financial planning, and on other related matters. He is also an investment columnist and author of numerous scholarly articles and 10 books. DONALD E. VAUGHN is Professor of Finance at Southern Illinois University, Carbondale, Illinois. A CPA and author of eight books, including a leading textbook on investment, he gained national recognition through a series of small business profiles which he published under the auspices of the U.S. Government. He is actively engaged in research and publishes frequently in the major investment and accounting journals.