Product 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.

Product Details

• Amazon Sales Rank: #103395 in Books
• Published on: 2008-04-25
• Original language: English
• Number of items: 1
• Binding: Paperback
• 516 pages

About the Author
Robert D. Edwards and John Magee (both deceased) wrote the original edition of Technical Analysis of Stock Trends. Magee is considered the “father of technical analysis,” while Edwards was a pioneer in pattern formation and trend analysis. W. H. Charles Bassetti is Adjunct Professor of Finance and Economics at Golden Gate University and a former executive in the options and commodities trading industries. He was both a student and client of John Magee.

Customer Reviews

Charting's MAGNUM OPUS .
Thou i consider it a 'reference' book,it is not something to refer to casually : the quantity and quality of pertinent information (in SPECIFIC chapters) is almost overwhelming - thou the authors use plain everyday language,it is so rich in content that it has to be savoured - repeatedly.

Some key sections :

* Chapters 20,21,22 on a stock's 'habit/character/power' - absolute gems of insight.
* Chapters 6,7,8,12 on 'gaps','ascending/descending triangles' and 'head 'n shoulder' patterns.Where standard explanations of these pivotal formations finish,these guys are just warming up !

Favourite chapters (of mine) which i feel are of major benefit to anyone who sets foot in the stockmarket :

* TA philosophy and summary (chapters 1 and 17 respectively),plus the 7th edition preface(included in 8th edition) come to a grand total of around twelve pages - collectively,they sum up the merits of charting with such eloquence that no one could sensibly deny the benefits of PRAGMATIC chart observation.
* Chapter 3's concise version of Dow Theory is excellent,putting its relevance into perspective with added insight that explains the ways of the stock market extremely well.
* Chapter 13's discussion of support and resistance is superb : readers are given the ultimate tutorial,on what is arguably the most essential psycological concept to grasp.This (to me) is the NUCLEUS of the book - to call it outstandingly informative would be putting it much too mildly - if knowledge is power,this chapter is as strong as it gets !

By virtue of having written the book in simpler times,the authors had the (fortuitous) luxury/advantage of feeling no compulsion to curtail and dilute discussion of primary matters purely for the sake of giving space to complex and esoteric add-on tactics.

Consequently,their UNIQUELY THOROUGH explanation of the UNCHANGING laws of supply and demand (as displayed in price 'n volume charts) in my view makes 'Technical Analysis of Stock Trends' the most USEFUL,PRACTICAL and INSTRUCTIVE book in its field - period !

Thorough, slightly boring and expensive
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.

daytrading bible
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.