Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets

Definitly one of the best Book ever read about intermarket correlation.

In this book John Murphy explains the interactions of the four major market sectors mentioned in the book's title. He structures his analyses around the concept of the business cycle, the recurring boom and bust loop which the economy has gone through over the past two centuries. Showing how the four major sectors (as well as other economic factors) interact in feedback loops to drive the business cycle, he gives us the information we need to see what stage of the cycle we're currently experiencing and where we're headed. Knowing this we can better decide where to park our assets in the short and medium-term future. His outline of the various stages of the business cycle is very helpful, even though it's a rough guide. For instance, although gold does not seem to have played its assigned role in this scheme, it is clear that commodities did bottom in the third quarter of last year, signaling that a market top would follow in the not-too-distant future. Thus, even though the stock market is a dynamic system and cannot be exactly predicted, there are patterns that take a huge amount of guesswork out of charting one's way through it. This book thoroughly explores those patterns and provides the investor/trader a solid support for making financial decisions.

Though the information is limited in the late 70's through the 80's and early 90's Murphy shows the importance of how each of the 4 markets move and affect one another. He shows how to read when money is being moved, makes strong qualified suggestions on how to make money when the stock market moves. He gives insight to have knowledge of a precursor to market crashes, how to read them before they come, why they exist and how not to get caught in the crashing wave of its destruction. Since I lived though those years, the information was pertinent to me while helping me to apply his insights to today's global market. It is a must read book for any investor.

There is still no better book on the subject available on the market!

I found it a very fine book to learn and look at the markets in real time. Oliver

Good technical book for starters and advanced

A bit deceiving.

Really insightful book. I learned a lot from this. Thank you to John Murphy for sharing this information. This copy is useful even after all these years.

Great book to add to knowledge, loads can be achieved and great outlook, although you need to relate some data to today's environment sensibly.

Dated, think that a more up-to-date book would be better

I'm going to give a resume of the bookAt the beginning the author says"Look at this chart and compare to that one"So, ate the and he says"You have looked at the chart and compared"And you feel like"What did I get from this book?"Anyway, I dont think it was worth .