Technical Analysis of Stock Trends [Hardcover]

Robert D. Edwards (Author), John Magee (Author), W.H.C. Bassetti (Author)

Book Description

Publication Date: February 26, 2007 | ISBN-10: 0814408648 | ISBN-13: 978-0814408643 | Edition: 9th

"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.

Editorial Reviews

Review

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

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

“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)

Book 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."

See all Editorial Reviews

Product Details

• Hardcover: 840 pages
• Publisher: AMACOM; 9th edition (February 26, 2007)
• Language: English
• ISBN-10: 0814408648
• ISBN-13: 978-0814408643
• Product Dimensions: 6.5 x 1.8 x 9.6 inches
• Shipping Weight: 3 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (67 customer reviews)
• Amazon Best Sellers Rank: #70,893 in Books (See Top 100 in Books)

Most Helpful Customer Reviews

142 of 157 people found the following review helpful

5.0 out of 5 stars A Classic work on Technical Analysis June 11, 2000

By Charles Martin

Format:Hardcover

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.

46 of 49 people found the following review helpful

5.0 out of 5 stars daytrading bible August 30, 1999

By A Customer

Format:Hardcover

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.

80 of 90 people found the following review helpful

3.0 out of 5 stars Thorough, slightly boring and expensive April 23, 1998

By [e-mail]

Format:Hardcover

Edwards and Magee is considered one of the bibles of technical analysis. While it covers the basics well (head and shoulders tops, etc.), the shear number of not so well known patterns can be overwhelming. I would doubt most people could (or would) finish this book. It's more of a reference book. John Murphy's Technical Analysis of the Futures Markets is a much better choice. Murphy covers trendlines, patterns, stochastics, Elliot Wave, money management and a host of other technical topics. Don't be fooled by its title -- it's quite applicable to stocks.