A hidden gem. Murphy explains that volume confirms the trend. In a fixed PDF, the chart of "Volume vs. Price Divergence" is essential to see: when price makes a new high but volume contracts, a reversal is imminent.

If you already have a corrupted free PDF, you can attempt to “fix” it yourself using software:

The Market Technicians Association (CMTA) bases a significant portion of its Level 1 exam on Murphy’s work. Unlike other books that focus on a single indicator (e.g., RSI or MACD), Murphy provides a .

: Detailed instruction on Dow Theory , support and resistance levels, trendlines, and channel analysis to define the "primary trend".

John J. Murphy’s Technical Analysis of the Financial Markets

The complete PDF version of this text, which includes more than 400 charts and updated material on candlestick charting and intermarket relationships, is available through several digital libraries: Internet Archive : View or download the