Technical Analysis of Stock Trends by Robert P Edwards, John Magee, W. H. Charles Bassetti, 0814408648, Lowest Book Price Finder

Customer Reviews:

Charting's MAGNUM OPUS .

Thou i consider it a 'reference' book,it is not something to refer to casually : the quantity and quality of pertinent information (in SPECIFIC chapters) is almost overwhelming - thou the authors use plain everyday language,it is so rich in content that it has to be savoured - repeatedly.

Some key sections :

* Chapters 20,21,22 on a stock's 'habit/character/power' - absolute gems of insight.
* Chapters 6,7,8,12 on 'gaps','ascending/descending triangles' and 'head 'n shoulder' patterns.Where standard explanations of these pivotal formations finish,these guys are just warming up !

Favourite chapters (of mine) which i feel are of major benefit to anyone who sets foot in the stockmarket :

* TA philosophy and summary (chapters 1 and 17 respectively),plus the 7th edition preface(included in 8th edition) come to a grand total of around twelve pages - collectively,they sum up the merits of charting with such eloquence that no one could sensibly deny the benefits of PRAGMATIC chart observation.
* Chapter 3's concise version of Dow Theory is excellent,putting its relevance into perspective with added insight that explains the ways of the stock market extremely well.
* Chapter 13's discussion of support and resistance is superb : readers are given the ultimate tutorial,on what is arguably the most essential psycological concept to grasp.This (to me) is the NUCLEUS of the book - to call it outstandingly informative would be putting it much too mildly - if knowledge is power,this chapter is as strong as it gets !

By virtue of having written the book in simpler times,the authors had the (fortuitous) luxury/advantage of feeling no compulsion to curtail and dilute discussion of primary matters purely for the sake of giving space to complex and esoteric add-on tactics.

Consequently,their UNIQUELY THOROUGH explanation of the UNCHANGING laws of supply and demand (as displayed in price 'n volume charts) in my view makes 'Technical Analysis of Stock Trends' the most USEFUL,PRACTICAL and INSTRUCTIVE book in its field - period !

The most orthdox princples in technical analysis

This is a painstaking research written by academics from New York Institute of Finance. The techniques discussed are objective, scientific and reliable provided that you are aware of the limitations. Unlike other books in this field, this book is more suitable for medium term investors, at least a few months.

daytrading bible

The simple indicators that TAST presents can easily be applied to intraday movements, indicators powerful enough that, with an understanding of the story behind the stock and the market environment, are all one needs to trade. Yes, it takes awhile to read this book, as any dense textbook or reference work would. It's worth every minute and penny to study this manual.

Tech Analysis is a bunch of BUNK

This book along with all other books and seminars on tech analysis are mere ploys to make the authors wealthy.

Too little coverage on technical indicators

This is a book good for beginners, but for intermediate level traders this is definitely not a good choice. This book cover too little on moving average, RSI and other indicators. Also, the graph in this book is almost all hand drawn, make it very hard to read.

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