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Library of Congress Cataloging-in-Publication Data: 2004107810

Publisher: Tim Moore

Executive Editor: Jim Boyd

Editorial Assistant: Richard Winkler

Development Editor: Russ Hall

Marketing Manager: Martin Litkowski

International Marketing Manager: Tim Galligan

Cover Designer: Alan Clements

Managing Editor: Gina Kanouse

Project Editor: Christy Hackerd

Copy Editor: Specialized Composition

Senior Indexer: Cheryl Lenser

Compositor: Gloria Schurick and ICC

Manufacturing Buyer: Dan Uhrig

© 2005 Pearson Education, Inc.
Publishing as Financial Times Prentice Hall
Upper Saddle River, NJ 07458

Financial Times Prentice Hall offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact: U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside the U.S., please contact Inter national Sales at international@pearsoned.com.

Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners.

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America

Third Edition

Pearson Education LTD.
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“It is literally true millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.”

Jesse Livermore (1923)

This book is for Sherri

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