This superb new book by world-famous technical analyst John Murphy will answer these and many other similar questions.

By the author of Technical Analysis of the Futures Market. Clearly illustrated, incisive research into, and explanation of, the relationships of various markets. Shows you how bonds (interest rates) affect and are affected by stock prices, commodities and currencies; in turn, how currencies affect, and are affected by bonds, stocks, and commodities; and so on. Gives you a much deeper understanding of price movements in various markets and how to analyze potential future price trends much more effectively. This just-released and completely revised edition completely updates John's groundbreaking innovative approach to technical analysis for which he is so well known.

If you own John's earlier work, you will want to be certain to get a copy of this new edition.

Intermarket analysis has come a long way in the ten years since John Murphy wrote his groundbreaking Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets. Although the idea that global markets were linked to each other was once viewed with skepticism, intermarket analysis is now considered among today’s most important technical disciplines. Today, market observers look to history for parallels that may predict future market performance. In Intermarket Analysis: Profiting from Global Market Relationships, Murphy incorporates and reflects on the most recent world market data to show how seemingly disparate world markets interact and ultimately influence each other. Beginning with a brief overview of the intermarket changes that launched the bull market of the 1980s, Intermarket Analysis next revisits the stock market crash of 1987 and its importance to the development of intermarket theory. The author then discusses the 1990 bear market with emphasis on its relevance to later global events. Finally, the text offers in-depth coverage and analysis of the deflation trend that resulted in the bursting of the stock market bubble in 2000 followed by three years of stock market decline.

Citing recent world events that have had a profound impact on even longstanding economic relationships, Murphy shows us what earlier intermarket models are still working and, more importantly, what has changed. Based on the premise that intermarket analysis is not a "static" model, he examines the overall economic impact of such events as escalating tensions and wars in the Middle East, the decade-long downward spiral of the Japanese economy, and global over-investment in technology stocks. Drawing on his vast experience as both an educator and an expert trader, the author lays out his key tools to understanding global markets and illustrates how these tools can help today’s serious investors profit in any economic climate. Armed with the knowledge of how economic forces impact the various markets and sectors, investors and traders can profit by exploiting opportunities in markets about to rise and avoiding those poised for a fall.

Table of Contents:

Introduction to Intermediate Analysis.

• Chapter 1. A Review of the 1980s.
• Chapter 2. 1990 and the First Persian Gulf War.
• Chapter 3. The Stealth Bear Market of 1994.
• Chapter 4. The 1997 Asian Currency Crisis and Deflation.
• Chapter 5. 1999 Intermarket Trends Leading to Market Top.
• Chapter 6. Review of Intermarket Principles.
• Chapter 7. The NASDAQ Bubble Bursts in 2000.
• Chapter 8. Intermarket Picture in Spring 2003.
• Chapter 9. Falling Dollar During 2002 Boosts Commodities.
• Chapter 10. Shifting from Paper to Hard Assets.
• Chapter 11. Futures Markets and Asst Allocation.
• Chapter 12. Intermarket Analysis and Business Cycles.
• Chapter 13. The Impact of the Business Cycle on Market Sectors.
• Chapter 14. Diversifying with Real Estate.
• Chapter 15. Thinking Globally.