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Technical Analysis of Stock Trends, 8th Edition Hardcover – May 29, 2001

ISBN-13: 978-0814406809 ISBN-10: 0814406807 Edition: 8th

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Product Details

  • Series: Technical Analysis of Stock Trends
  • Hardcover: 752 pages
  • Publisher: CRC Press; 8th edition (May 29, 2001)
  • Language: English
  • ISBN-10: 0814406807
  • ISBN-13: 978-0814406809
  • Product Dimensions: 9.1 x 6.4 x 1.8 inches
  • Shipping Weight: 2.4 pounds
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (27 customer reviews)
  • Amazon Best Sellers Rank: #705,920 in Books (See Top 100 in Books)

Editorial Reviews

Review

…the standard of excellence against which everything in technical analysis is measured.
-Ralph Acampora, Prudential Securities

Edwards and Magee's definitive work has been restored to mint condition in this 8th edition…the new editor, Charles Bassetti has made invaluable new additions to bring the book current with today's markets and modern finance practice…He has also rectified the problems of the 6th and 7th editions and removed the anachronisms and obsolescence of the 5th edition. As it was before, it is once again the definitive work on chart analysis.
-Mark L. Wainwright, President, Paradigm Trading Systems

This is the one indispensable book on chart analysis. The original, the Bible, unmatched and unimproved until this excellent, updated Edition…a must read and a requirement for every trader's library…
-Professor Henry Pruden, Ph.D., Golden Gate University, San Francisco, California

There is no better place to begin your education in market behavior than this pioneering book. It has stood the test of time and will continue to apply in the future, because the engine of market patterns and human social psychology never changes.
-Robert R. Prechter, Jr., President, Elliott Wave International

The fact that this text is still being reprinted 53 years after its initial publication should tell you all you need to know. It is as relevant to today's markets as ever. The companies may have changed, but the patterns haven't. This edition contains the basics of trading stock indexes, discussions on options, risk, the significance of technology on technical analysis and trading and numerous other additions… it remains an essential volume for students and practitioners of chart analysis.
-Jack Schwager, Author, Technical Analysis (Schwager on Futures), Stock Market Wizards

#1 all-time classic, considered to be the best book on chart patterns ever written!
-Edward Dobson, Traders Press, Inc.

There are so very few books that have withstood the test of time like this one. It continues to deliver keen insights and guidance to today's investors as it has over the decades.
-Chris Myers, Trader's Library --This text refers to an alternate Hardcover edition.

Book Description

Technical Analysis of Stock Trends, 8th Edition, is a critical reference for investors--especially in today's tumultuous markets. This seminal book--the first to produce a methodology for interpreting and profiting from the predictable behavior of investors and markets--revolutionized technical investment approaches and continues to show traders and investors how to make money regardless of what the market is doing.

Now, with the addition of noted technical analysis authority W. H. Charles Bassetti (editor)--as well as charts and graphs that pertain to today's market environment and major stocks--this completely updated and revised edition confirms the wisdom of the original work for today's markets. Technical traders and chartists will turn to it for:

* Information on utilizing electronic markets, the Internet, wireless communications, and new exchanges, plus current ideas on portfolio management and risk management

* Chapters on futures and derivatives charting and trading

* Expanded treatment of ""runaway"" markets--to help put the recent Internet stock craze in perspective

""Chart formations,"" states Charles Bassetti in the preface, ""are the language of the market."" Technical Analysis of Stock Trends, 8th Edition, translates that language for a new generation of technical traders and investors."

Customer Reviews

4.4 out of 5 stars
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Hmmm, an editor reviewing his own book - must be very objective.
The Reader Without A Name
I've read others but this is the must have, must read book for anyone wanting to learn how to play the game.
Mark Pogany
This book covers topics such as Symmetric Triangle, Gaps, Resist/support, etc.
wei C. Liu

Most Helpful Customer Reviews

53 of 60 people found the following review helpful By DJ on October 22, 2005
Format: Hardcover
There are three major, critical tech analysis books.

The first one is John Murphy's.

The second is this one. It is well worth your time.

The last one is Bruce Kamich's "How tech analysis works."

If you read any of these -- or better yet, all 3 -- you WILL have a firm grasp on why charts are important and how charts are properly read.....

Again, these are the only 3 charting books you need as they are the most comprehensive....
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23 of 24 people found the following review helpful By Kirk on May 15, 2002
Format: Hardcover
What a wonderful work!
In every way I look at this book, it's almost perfect. Great use of repetition, clean and simple description of chart patterns, many examples, and very well organized.
This book is divided into two parts. The first part consists mainly of chart patterns and technical details. Surprisingly, this is the boring part. The second part deals with applying the techniques that you've learned in the first part. If you have the patience to read through the first part, the second part is a pure joy.
I highly recommand it.
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23 of 25 people found the following review helpful By Thomas Bulkowski on September 17, 2001
Format: Hardcover
As the author of the competing text, "Encyclopedia of Chart Patterns" (Wiley, 2000), I found an early edition of TAoST in a used bookstore over a decade ago. I bought the book again, the 7th edition, and saw the same hand-drawn charts from the 1930's and 40's still there: This is not a complaint; it is comforting to know that the chart patterns that worked back then still work today. As work on my book progressed, I referred to TAoST occasionally, just to be sure the performance statistics I was finding matched those hinted at by Edwards & Magee. E&M were not the first to discover chart patterns, but they sure added to the knowledge base. Thanks, Robert and John!
Thomas N. Bulkowski, author, "Trading Classic Chart Patterns" (Wiley, due in spring 2002)
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27 of 31 people found the following review helpful By wei C. Liu on November 4, 2004
Format: Hardcover Verified Purchase
This is a technical analysis book, focus on price pattern. If you are looking for RSI, MACD, etc, look else where. This book covers topics such as Symmetric Triangle, Gaps, Resist/support, etc. They are very detailed and I definitely learn a lot from this book.

If you want to buy this book, my advice is to buy an earlier edition (5th). The additional chatpers written by Bassetti simply doesn't match the quality of Edwards and Magee. For example, he uses internet stocks, such as Amazon or Cisco, to illustrate his point of dramatic/speculative crash. However, he uses charts which are unadjusted for split. If Amazon split 3-1, then there will be a big gap. The gap doesn't mean anything technically. He devotes an entire chatper to discuss false gaps like that! Very disturbing and unintelligent.

The original writers aer superb though. I strongly recommand this book for people who wants to learn the price pattern/action. If John Murphy's book is like an encyclopedia of Technical Analysis, then this book focus mainly on the subject of price pattern.
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46 of 56 people found the following review helpful By ServantofGod on July 19, 2003
Format: Hardcover
Written in the 20's, this book is at least five decades ahead of its time, discussing detailedly about Dow Theory, chart patterns, volume, support and resistance etc in the demand and supply context, at a time whilst most people focused solely on company/accounting data specific fundamental analysis. However, though market psychology doesnt change, technology and the speed and means of information distribution do, leading to shorter business cycles and thus trends, inevitably attacking the weakest link of the Dow Theory which is that confirmation of the primary and long term trend almost always come too late. The situation is even worse in that "traps" in trend following are so frequent in today's highly competitive market when power traders with the help of deteriatives fully exploit the stop loss orders of mass investors.
I dont mean to undermine the value of this book. Nevertheless, considering the high price of the book and the long time to read it through, there are many alternatives that cover TA wider and deeper. This book can be a very exhaustive reference book in chart patterns. It just cannot provide a compeat course on TA. The new appendix of MACD, Stochastics etc is adequate but far from sufficient. Afterall, TA is just a tool for money making. There's no point not to take a more productive route to achieve the goal.
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20 of 23 people found the following review helpful By Neal Vanderstelt on November 21, 2004
Format: Hardcover
I'm a beginer in Technical Analysis and have bought several other books.. Until I picked up this book I was completely clueless as where to start.. I'm only on the 6th chapter (plus I've skimmed though other chapters that interested me) and I can safely say this was the best investment I've made for books on Technical Analysis..

It's not over opinionated it seems to go directly into the theory of Tech. Analysis (but it 1st teaches you about the Dow Theory -- don't skip this).. It is technical but is definatly a good book for a begining tech like me.. So far I have a much better understanding of bull /bear markets, appying the dow theory to the general market, and how to apply tech. analysis to individual stocks (just reading that now in chap. 6). I plan on reading this book 3 times and my other tech. analysis books are on the shelf for now..

I hate to write this review before I've finished reading it completly but I've already benifited and that in itself is worth the price of the book..

*Well written

*In good sequence to develope understanding of and applying trends & tech. analysis to the market and stocks

*Top quality subject material
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