Technical Analysis of Stock Trends [Hardcover]

Product Details

• Hardcover: 832 pages
• Language: English
• ISBN-10: 1574442929
• ISBN-13: 978-1574442922
• Product Dimensions: 9.5 x 6.1 x 1.8 inches
• Shipping Weight: 2.5 pounds
• Average Customer Review: 4.3 out of 5 stars  See all reviews (63 customer reviews)
• Amazon Best Sellers Rank: #1,858,616 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

132 of 147 people found the following review helpful:

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

By 

Charles Martin (Baldwinsville, NY United States) - See all my reviews
(REAL NAME)   

This review is from: x Technical Analysis of Stock Trends (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.

44 of 47 people found the following review helpful:

5.0 out of 5 stars daytrading bible, August 30, 1999

By A Customer

This review is from: x Technical Analysis of Stock Trends (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.

71 of 80 people found the following review helpful:

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

By 

[e-mail] (Connecticut) - See all my reviews

This review is from: x Technical Analysis of Stock Trends (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.