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Technical Analysis Explained

Technical Analysis Explained

List Price: $79.95
Your Price: $79.95
Product Info Reviews

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Rating: 5 stars
Summary: A Valuable Guide
Review: A well rounded comprehensive guide to TA thats easy to read and apply. A great value for the price, good up to date information for the student of the markets. Filled with many easy to understand diagrams and scenarios, A good buy.

Rating: 3 stars
Summary: Technicals move only with Fundamentals!!!
Review: As a brief introduction of myself, I have passed CFA Program. In my opinion, you can't make money by reading ANY book on Technicals or Fundamentals. In Stock Market, thought Process is THE sought-after thing. Much of the theories in fundamentals or technicals contain some assumptions. All or some of these may not be true. So decision-making lies in the valuation of stock considering the noise in such theories.

I used to be ardent follower or Technical Analysis. But after 3 years of experience, though in a smaller market, I now strongly believe that Technicals don't have any foot-hold of their own. These only move with the Fundamentals.

I have read this book. On the whole I found this a great book. The reason that I have given 3 stars is not about the book that remain below my expectations, but it's about the Technical Analysis that actually remained below my expectations!!!

Regards,

Rating: 4 stars
Summary: Excellent basic TA book
Review: Covers almost everything imaginable , from trendlines, moving averages, channels, patterns, to cycles, volume, intermarket, market breadth and so forth. One of the better all in one TA books and a solid handbook for the beginning trader.

Rating: 5 stars
Summary: Superb textbook on tech analysis
Review: I highly recommend this book for its readability, clarity, and wealth of information. There are some minor typos in the book, like mismatch of figure numbers in the text and in illustrations in one or two places, but this by no means detracts from the high quality of content. The book is very big actually and you will get your money's worth with vengeance.

Rating: 4 stars
Summary: A splendid One/Two-Bar Chapter .
Review: I would recommend this book specifically for Chapters 1,3,4,5,6,7,8,15,22,27 and 28 (!!),since the quintessential concepts of Support 'n Resistance,Volume and consequent Pattern Formations are well covered,plus there's a good discussion on crowd psycology to round things off.

In my view,his chapter on One/Two-Bar Patterns was worth the book in itself : it is not something i have found discussed anywhere else to such a notably helpful and informative degree,and in today's emotional markets provides a wonderful point of reference.

You may like the more complex Chapters yourself,but i just wanted to learn the bedrock principles of Charting in order to better time my investing,yet not from a cheaper Primer,but from a leading player/book in the field (i think top class advice is worth the extra expense).

The aforementioned chapters addressed those principles nicely.

Rating: 1 stars
Summary: Everyone else is too nice...
Review: One person mentioned typos. Another mentioned poor writing. Still another mentioned how Pring seems to give no clear stance ("the price will always move up if the chart looks like this picture, but it might move down" <--- read that 4-5 times a page and it gets ridiculous!). Now allow me to mention what you SHOULD buy instead of this book: an interactive CD that Amazon sells for almost half of what the producing-company sells for on their website and it is incredibly instructive: InTeLyze.

I am not associated with InTeLyze in any way and I was thoroughly impressed --- right after being severely disappointed that I wasted my money on Pring's book. I am very educated and have a finance background, but pretty new to TA... and I felt like a complete idiot reading Pring's book. It wasn't me... it was horribly poor teaching.

Rating: 3 stars
Summary: Comprehensive - but oh, the typos!
Review: This book has become one of the classics for the beginning technical analyst, and is one of the two texts set for the first level of the Chartered Technical Analyst exam. I'm working my way through it, but I've found myself as frustrated as informed. Certainly you will find some information about almost every technical indicator that you will hear about in the press or on the web, but the attempt to be comprehensive means that the treatment of many issues is cursory at best.
Worst of all, though, is the almost total absence of editing in the first half of the book. Some random examples - the RSI formula is misstated, the text refer to charts that don't exist, charts are mislabelled (e.g a Microsoft chart labelled as WalMart). One important table has the column headings offset by one column. The accompanying workbook suffers from the same problem (e.g reversing answers to multiple choice questions). And to add insult to injury, the book is falling apart! Martin Pring's contributions to technical analysis is unquestioned - unfortunately the poor editing and presentation of this expensive book does poor service to his reputation.

Rating: 3 stars
Summary: Covers it all
Review: This book has something for everyone, covers all aspects of technical trading. Well worth the money and a good reference book in any traders library. The chapters in the book on barcharts and candlestick charting are good. Although there are some typos in the book and the fonts are rather small, for this i give it 3 1/2 stars , a good buy.

Rating: 3 stars
Summary: There is wisdom in there, if you can find it
Review: This text is well known and required by the MTA for its CMT program. Its author is well studied and an expert at technical analysis and has a good historical approach. HOWEVER, his writing style is horrid. I am a fully licensed securities professional and have done technical analysis for a considerable amount of time. Even when I know what he is trying to say I personally find it almost impossible to understand some of his paragraphs. Throw in some typographical errors and some paragraphs are too obtuse to bother trying to decipher. Further, the charts in this book are not the best. They are all so compressed his examples are difficult to find and seldom marked. Its hard to find the early part of a year when the whole year is about an tenth of an inch. Buy this book if you have to or if you can read his style easily that you see in the sample provided. If not there are equally good books on the same subject out there.

Rating: 3 stars
Summary: There is wisdom in there, if you can find it
Review: This text is well known and required by the MTA for its CMT program. Its author is well studied and an expert at technical analysis and has a good historical approach. HOWEVER, his writing style is horrid. I am a fully licensed securities professional and have done technical analysis for a considerable amount of time. Even when I know what he is trying to say I personally find it almost impossible to understand some of his paragraphs. Throw in some typographical errors and some paragraphs are too obtuse to bother trying to decipher. Further, the charts in this book are not the best. They are all so compressed his examples are difficult to find and seldom marked. Its hard to find the early part of a year when the whole year is about an tenth of an inch. Buy this book if you have to or if you can read his style easily that you see in the sample provided. If not there are equally good books on the same subject out there.


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