Rating: Summary: Badly Organized Jumble of Techniques Review: This book was assigned reading for a college-level investing course; now I understand why the professor drives an old car and teaches this class instead of making money in the market. In all my years of schooling, I've never encountered something so poorly assembled. I have unearthed a few useful concepts, but they are largely buried in an pile of tired market cliches and chart after chart of dated 1980s investing patterns.There are many other books on the topic (you can do a search on "technical analysis" right on this Amazon site) that are both current and accurate. I keep a lot of my textbooks after finishing a course, I find them to be useful references. This one will go immediately to the used section of the campus bookstore.
Rating: Summary: Not Very Useful Review: This books seems to have been written to explain the stock market movements during the 1980s. There are a few theories to explain movement of NYSE big board stocks, and almost no coverage of NASDAQ. If you try to map these theories to the NASDAQ-fueled boom ending in 2000 or the slump since then, the author's weakly defined premises break down entirely. This book would have been useful in 1982, but I need to trade in the 2003 market. No help here; in fact, much of it is counter-intuitive. I tested it with a sampling of 10 stocks over a three month period ending in early March 2003. Using the "methods" described in the book, one would have lost money on 9 out of the ten trades (whether long or short). These trades netted an average loss of 28%. The one winner gained 11%. I could not afford to stay with this book's technique's for very long. To be fair, I then tested the methods on 10 more stocks from 1999-2000, when the market was booming. Again, the author's methods failed. Seven losers, averaging 32% loss, two winners averaging a 17% gain, and one break even. Save yourself from market losses, and the loss of money wasted on this book.
Rating: Summary: Not Very Useful Review: This books seems to have been written to explain the stock market movements during the 1980s. There are a few theories to explain movement of NYSE big board stocks, and almost no coverage of NASDAQ. If you try to map these theories to the NASDAQ-fueled boom ending in 2000 or the slump since then, the author's weakly defined premises break down entirely. This book would have been useful in 1982, but I need to trade in the 2003 market. No help here; in fact, much of it is counter-intuitive. I tested it with a sampling of 10 stocks over a three month period ending in early March 2003. Using the "methods" described in the book, one would have lost money on 9 out of the ten trades (whether long or short). These trades netted an average loss of 28%. The one winner gained 11%. I could not afford to stay with this book's technique's for very long. To be fair, I then tested the methods on 10 more stocks from 1999-2000, when the market was booming. Again, the author's methods failed. Seven losers, averaging 32% loss, two winners averaging a 17% gain, and one break even. Save yourself from market losses, and the loss of money wasted on this book.
Rating: Summary: the best book on technical analysis Review: This is the best book I have read about technical analysis. The author explain the different topics well. The book is well organized.
Rating: Summary: Great Book! Review: This should be your first book on Technical Analysis and a permanent reference in you library. After reading the other reviews, I only have one thing to say. This is a MUST read book if you want to trade based on Technical Analysis. Very concise, to the point explanations. No words are wasted. Very easy to read and will get you started in TA almost inmediately and with a solid base.
Rating: Summary: Simplistic and Error Laden Review: With the plethora of suitable tomes on this topic, it is sad to see such a sorry effort in print. The author parrots some of the more familiar arguments favoured by the pop analysts, and attempts to hide the lack of useful instruction by inundating the reader with charts. The charts are given superficial examination, occasionally leading to a proper conclusion but just as often revealing a simplistic or erroneous analysis. This book is a fine guide to accumulating a small fortune, provided, that is, you begin with a large fortune.
Rating: Summary: Simplistic and Error Laden Review: With the plethora of suitable tomes on this topic, it is sad to see such a sorry effort in print. The author parrots some of the more familiar arguments favoured by the pop analysts, and attempts to hide the lack of useful instruction by inundating the reader with charts. The charts are given superficial examination, occasionally leading to a proper conclusion but just as often revealing a simplistic or erroneous analysis. This book is a fine guide to accumulating a small fortune, provided, that is, you begin with a large fortune.
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