Technical Analysis of Stock Trends (Hardcover)

~ (Author), (Author), (Author) "Few human activities have been so exhaustively studied during the past century, from so many angles and by so many different sorts of people, as..." (more)
Key Phrases: daily market volume, progressive stops, new high closing, Technical Analysis of Stock Trends, Bear Market, Dow Theory (more...)

Editorial Reviews

Review

“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)

Review

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

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

See all Editorial Reviews

Product Details

• Hardcover: 832 pages
• Publisher: AMACOM; 9th edition (April 11, 2007)
• Language: English
• ISBN-10: 0814408648
• ISBN-13: 978-0814408643
• Product Dimensions: 9.3 x 6.4 x 1.9 inches
• Shipping Weight: 2.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (57 customer reviews)
• Amazon.com Sales Rank: #22,680 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

118 of 129 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: 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.

34 of 34 people found the following review helpful:

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

By A Customer

This review is from: 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.

47 of 51 people found the following review helpful:

5.0 out of 5 stars Still the classic, April 19, 1998

By A Customer

This review is from: Technical Analysis of Stock Trends (Hardcover)

The Greek philosopher Heraclitus once observed that it is impossible to step in the same river twice. By that statement he meant, seemingly, that everything is in a state of change. Hence, if Greg Louganis decided to jump off a diving board into the Mississippi River, he would never be able to plunge into the same water molecules more than once. By the time he attempted his second jump, the water which gave way during his first dive would be a long way down the river on its route toward the Gulf of Mexico. Accordingly, Heraclitus's analogy, one could argue, is applicable to the study of securities markets: although companies have traded their stock on exchanges for decades, even centuries, the stock markets themselves are always in flux because participants--investors, as well as the companies themselves--are constantly leaving and entering the game. Robert Edwards' and John Magee's classic TECHNICAL ANALYSIS OF STOCK TRENDS was written fifty years ago, long before such hallowed American companies as Microsoft, Dell, or Cisco Systems were in existence. Although the stock markets are indeed "rivers of change," it is clear that this book remains the standard guide for investors and traders who believe that technical analysis is an effective approach to predicting the future behavior of stocks. Modern readers should be aware, however, that too many of the charts in the book are from obscure, even defunct, companies from the 1940's; the appendix "Updated charts through 1996" is helpful but out of place in the back of the book. These charts, rather, should be placed in the text of the book in order to illustrate the book's key principles. Those interested in applying technical analysis to the future markets should also consider Jack Schwager's recent guide to technical analysis. It would seem impossible, though, that those still interested in trading stocks technically could avoid reading Edwards's and Magee's useful volume, a guide that remains a constant in a world of change.