Intermarket Analysis: Profiting from Global Market Relationships (Wiley Trading)

Praise for INTERMARKET ANALYSIS

"John Murphy has done it again. He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. This book is a must-read for all serious traders."

–Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software

"John Murphy’s Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time."

–Thom Hartle, President, Market Analytics, Inc.

"This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals."

–Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter

"Mr. Murphy’s Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the ‘here and now’ in the global marketplace."

–Dennis Hynes, Managing Director, R. W. Pressprich

"Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors."

–Andrew Bekoff, Technical Strategist, VDM NYSE Specialists

"John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends."

–Price Headley, BigTrends.com, author of Big Trends in Trading

This is one of the best books on finance I have ever read - (I have over 200 books on finance). Most finance books only analyze that portion of the market relevant to their system. This book does a great job of pointing out the interactions that affect the different investment markets and how these interactions affect investment categories such as stocks, bonds etc.

Key features of the book:

1. Factors that affect different investment categories such as bonds, currencies, stocks.

2. How these factors impact stocks, bonds, currencies etc.

3. How interactions between stocks, bonds, currencies then affect the financial markets.

4. Provides a list of key factors to watch in order to detect shifts in the markets.

Finally, Intermarket Analysis is not your typical dry finance book with page after page of equations and text. Instead, the author John Murphy, has filled this book with visually attractive charts and graphs which do a great job of conveying his message.

John Murphy's Intermarket Analysis is a thesis that markets such the currency, commodities, bond, stocks, and market sectors are and have been inter-related.

This is a pretty good book. This book offers a very big picture of the global markets. If you're trading experience only encompasses the past 3 years, this book give a bigger picture from 1980 and 2003.

Note that this book was copyrighted at 2004, so there is no mention of the 2007-2008 crash. Nevertheless, this book shows relationships between markets and offers ideas on why one influenced the other.

Before reading this book, I mostly looked at daily, hourly, and 30 min charts. After reading this book, I now look at the daily, weekly, and monthly charts. Also, I was pretty weak on what happened during the 80's, 90's, and early 00's. This book explains a lot about those years.

I would recommend this book to intermediate investors who want to understand the behavior of markets and who want to learn the direction of markets from 1980 to 2003. If you're a beginner investor, you might want learn basic technical analysis. This book is not a primer.

I like your book Mr Murphy but could you rewrite it in a spreadsheet tabular format for more clarity ??

I should have bought this book and the 1st one when they came out. Kept thinking they where not for me, as I day trade. But after I put this information into my thinking ,"themes" came to my trading like the oil air line trade,

or a better understandxing of the gold trade, when it should show up eg switch from deflation to inflation.

Or the us dollars affect on the market.

Also every kid in school should get these books. You understand why you have a job, when you have to move for work.

It is not your fault that your industry is laying off people, and what you should do about it. They sector pyramid

lays out a time line that makes sense. One you can follow the daily news with, and have a keen understanding.

Intermarket Analysis is a bridge between TA and economics.

Simply and clearly written, the subject is expounded. There

are sufficient charts except for the last 3 chapters or so. Sam

Stovall's sector rotation is of particularinterest to me.

The idea can be repetitive but I do not mind it. The reasons

are firstly, itmakesreading easier (no need to flip back to

pprevious chapters) and secondly, it reinforces key ideas.

I have 2 questions. How high is hyperinflation and how low

constitutes deflation?