Product Description

Technical Analysis of Stock Trends was the first book to produce a methodology for interpreting the predictable behavior of investors and markets. It revolutionized technical investment approaches and showed traders and investors how to make money regardless of what the market is doing. Now in its ninth edition, the book remains the benchmark by which all other investment methodologies are measured. An indispensable reference for technical traders, investors, and finance professionals, the ninth edition features:

* Expanded treatment of Magee’s "basing points" procedure
* In-depth discussion and dissection of Dow Theory
* Extensive new material on commodity trading
* Much-needed perspective on short-term and futures trading

The newest incarnation of one of the true classics of market analysis, this book will be a crucial resource for both seasoned veterans and the new generation alike.

Product Details

• Amazon Sales Rank: #234257 in Books
• Published on: 2007-04-11
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 832 pages

Features

• ISBN13: 9780814408643
• Condition: USED - VERY GOOD
• Notes:
• Click here to view our Condition Guide and Shipping Prices

Review

“With a focus on pragmatic portfolio theory, editor Charles Bassetti significantly contributes t the technical analysis body of knowledge especially related to tactics, and has created a book worth a space on every technican’s bookshelf.”

-Technically Speaking (Market Technicians Association monthly newsletter)

Review

"...worth a space on every technican’s bookshelf.”

-Technically Speaking (Market Technicians Association monthly newsletter), May 2007

About the Author
Robert D. Edwards and John Magee wrote the original edition of Technical Analysis of Stock Trends. Magee is considered the "father of technical analysis," while Edwards was a pioneer in pattern formation and trend analysis. W. H. Charles Bassetti (San Geronimo, CA) is Adjunct Professor of Finance and Economics at Golden Gate University and a former executive in the options and commodities trading industries. He was both a student and client of John Magee.

Customer Reviews

A Classic work on Technical Analysis
I read Edwards and McGee, Technical Analysis of Stock Market Trends with great enthusiasm. Here was a book that was originally written in the 1940's that is equally valid to anyone trying to play the stock market in the Twenty First Century. It also gave me insights into the wild times on Wall Street in the Roaring 20's, and taught me how the pros did stock manipulation and organized "bear traps." Understanding Wall Street irrational exuberance in 1928 helps a smart investor understand the irrational exuberance in 1999. I started reading and then using Technical Analysis because I found I couldn't make money on the market just using the fundamental analysis that my accounting professors taught me in business school. I bought stocks based on detailed analysis of the firm's fundamentals and then could not understand why the prices of my "smart" investments immediately dropped like a rock. Technical analysis provides an investor with insights into the market forces (supply and demand) that affect the rise and fall of stock prices and give a rational investor understanding of the psychology of the herd of investors.

Modern web technology available from Clearstation and E-trade take the drudgery out of the technical charting, and make it easy for an amateur investor to become an experienced technical chart reader. Edwards and McGee was the book that helped me develop this skill. I can not praise the authors of this book enough.

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.

Still the classic
The Greek philosopher Heraclitus once observed that it is impossible to step in the same river twice. By that statement he meant, seemingly, that everything is in a state of change. Hence, if Greg Louganis decided to jump off a diving board into the Mississippi River, he would never be able to plunge into the same water molecules more than once. By the time he attempted his second jump, the water which gave way during his first dive would be a long way down the river on its route toward the Gulf of Mexico. Accordingly, Heraclitus's analogy, one could argue, is applicable to the study of securities markets: although companies have traded their stock on exchanges for decades, even centuries, the stock markets themselves are always in flux because participants--investors, as well as the companies themselves--are constantly leaving and entering the game. Robert Edwards' and John Magee's classic TECHNICAL ANALYSIS OF STOCK TRENDS was written fifty years ago, long before such hallowed American companies as Microsoft, Dell, or Cisco Systems were in existence. Although the stock markets are indeed "rivers of change," it is clear that this book remains the standard guide for investors and traders who believe that technical analysis is an effective approach to predicting the future behavior of stocks. Modern readers should be aware, however, that too many of the charts in the book are from obscure, even defunct, companies from the 1940's; the appendix "Updated charts through 1996" is helpful but out of place in the back of the book. These charts, rather, should be placed in the text of the book in order to illustrate the book's key principles. Those interested in applying technical analysis to the future markets should also consider Jack Schwager's recent guide to technical analysis. It would seem impossible, though, that those still interested in trading stocks technically could avoid reading Edwards's and Magee's useful volume, a guide that remains a constant in a world of change.