How Technical Analysis Works (New York Institute of Finance) (Hardcover)

by Bruce M. Kamich (Author) "You can learn about technical analysis in many ways..." (more)
Key Phrases: daily bar chart, weekly bar chart, uptrend line, Prophet Financial Systems, Apr Jul Oct, Aug Sep Oct Nov Dec (more...)

Product Details

• Hardcover: 320 pages
• Publisher: Prentice Hall Press (November 26, 2002)
• Language: English
• ISBN-10: 0735202702
• ISBN-13: 978-0735202702
• Product Dimensions: 9 x 5.9 x 1.2 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (13 customer reviews)
• Amazon.com Sales Rank: #92,375 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

41 of 42 people found the following review helpful:

5.0 out of 5 stars How to execute, December 28, 2002

By	Roy Justice, Jr. (Boston, MA United States) - See all my reviews

Being in the business and a professional technical analyst, I have read many books on the subject, but "How Technical Analysis Works" is truly unique. If you are looking for black and white explanations of technical definitions, indicators, patterns, etc, this is probably not the book for you. However, if you want to learn how to use all of the tools at a technical analysts disposal in the real world, this is your book. There are enough books out there describing how to calculate a stochastic or RSI indicator, Mr. Kamich instead takes his many years of experience and explains how you should use these indicators in real-time. A distinctive feature of this book is his emphasis on thinking outside the box - almost challenging the reader to open his/her mind. This is highlighted by the examples (especially the chart patterns) he includes with his text. The chart examples he has chosen are not the picture perfect examples that rarely happen in real-time, but the type of patterns that challenge you to visualize scenarios that you may not have noticed at first glance. Although Bruce goes into great details in his explanations, this is an easy read that you will really enjoy. For those of you looking for an advantage over your fellow market participants (who isn't, especially in this market environment!), pick up "How Technical Analysis Works" - it is well worth the investment.

25 of 25 people found the following review helpful:

4.0 out of 5 stars Excellent book, but not perfect, September 30, 2003

By	Jagui (Roma, RM Italy) - See all my reviews

This is an excellent book for beginners and intermediate traders. It explains TA in a deep but simple way. The real value of this book (for me) is that it explains what is happening, who is buying and who is selling during chart patterns. It also explains how to trade each pattern.

After reading this book i feel much more calm and confident about what is actually happening on the markets. I can now have my own ideas of market movements, despite news, newsletters and other bloated sources of information. This book will serve as a reference for years to come.

The section on chart patterns is deep and complete. It contains all needed informations, but keeping a focus on price action.

The section on indicators covers (well) the most common ones. I would have liked more indicators.

24 of 24 people found the following review helpful:

5.0 out of 5 stars Solid Advice for Chartsists, Technicians of All Levels, March 18, 2003

By A Customer

Barron's named this book one of the best of the year - and for good reason. "How TA Works" is a friendly and easy-to-read (but not *too* simple) guide to charting and technical analysis. Instead of focusing on a single methodology, this book provides an arsenel of tools and explains how they're used for market timing, stock selection, and risk management.

Many of the studies and tools used in the book can be used for free or little $ at TA sites like Prophet ..., the source for charts in the book. It's definitely a good idea to learn from this book while trying it out with the online charts at the same time. That way, you can see how different studies, for example, work on different stocks.

Also, comparing the price to other books in this genre, "How TA Works" is a very good value. Highly recommended, the market not withstanding...