Customer Reviews

Technical Analysis and Stock Market Profits

5 star:		(4)
4 star:		(4)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

The ironic thing is, you couldn't tell it was written in 1932 or 2002 .. the techniques are identical to basic TA today , even the psychology section about cutting losses and trading with the trend sound familiar. Certainly revolutionary when it came out, it's somewhat dated now and a bit wordy. Anyone familiar with chart patterns - h&s, wedges, flags, triangles, trendlines will likely find nothing new in this book. Also, the explanations are a bit wordy .. though I suspect this was necessary when no one was familiar with it. I give it 3 stars for content and another for the fact that it was written in 1932. However, an advanced trader will find this book useless other than for sentimental curiosity.

Very good and thorough. If you've had no technical analysis experience, this won't go over your head, and it won't bore you to death if you're somewhat familiar. Somewhat out of date in that it was written in the 30's, but the charts and formations it highlights are eerily valid, relevant, and applicable today as it was back then so you KNOW it's been time tested. Stocks don't chart any differently today than they did back then. Advanced technicians wouldn't like it...doesn't go into the "data" side of technical analysis as in ADX, MACD, RSI,...etc. But about a good a starting point as you're going to find. A great foundation builder.

Do you want to know how everything started ? Do you want to know why this silly "Technical Analysis" really works ? Well, this is the right way to start. Do not believe in these new computer intraday graphs that stockbrokers try to push to you until you really knows how technical analysis really works. You may be a hero to them (who earn comissions on your trade)but your wife will probably hate you for losing your house.Please, learn how everything begin before you start trading in the market

Richard Schabacker, in this pioneering book, presents the art and science of technical analysis as an organized subject.

In 13 chapters, he discusses important reversal formations, minor reversal formations, major continuation formations, intermediate patterns and phenomena, trend line action, support and resistance levels, measuring rules and formations and trading tactics.

First published in 1932, the book gives equal weight to a formation's potential and its flaws and warts. Originally devised as a practical investment course, it still sparkles with application today. Despite today's modern computer methods of interpreting price and buying trends, an investor or trader must still master the basics and there is no finer place to begin than this former Forbes financial editor's ground-breaking work.

Finally available to the rest of the world, this classic is easily the best book on classical technical analysis available. Although it is more than 70 years old, the complete and descriptive discussions of how and why reversal and continuation patterns work are as valid now as they were then. Without Schabacker, there'd be no Edwards and Magee, Elliott, Murphy, or even Poser.

So you want to learn on how to read charts... This is the one for you then! A little dense sometimes due to it's completeness on patterns, but it's all there, really. Won't teach you on how to make a trading system, but if you're into discretionery trading systems you'll love this one. I haven't found a reversal pattern that's not on these pages, and if you want to know about continuation patterns, they're all almost there too. I recommend this book for beginners as for experienced traders.

This is one of those books I keep next to my trading desk!

i think this book is just like a bible for the investers. you have to read it for understanding the basics.

This book is packed with chart analysis, psychology, trading tactics, insight, wisdom and so much more.

I have read many books on technical analysis over the past 15 years. I started reading this book in 2011. I guess things come to you when you are ready. I was very surprised to see all the concepts in this book plagiarize by so many other authors/traders. Most never give credit to Schabacker or Edwards & Magee that wrote a book based on Schabacker' ideas. But at least Edwards & Magee give him credit.

This book is supposed to be a training course that Schabacker sold to people in 30's. It was then compiled as a book.

Personally I have found this book to be the absolute best book on trading that I have ever read. The amount of insight a trader can gain from this book is priceless.