The best way to understand the basic price action/chart (Santa Clara, CA USA)...

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Technical Analysis of Stock Trends, 8th Edition
Robert D. Edwards, John Magee

Technical Analysis of Stock Trends, 8th Edition - image

Rating: 4.5/5 Stars
Rank: 8511

The best way to understand the basic price action/chart
(Santa Clara, CA USA) November 5, 2004 - 5.0/5 stars

This is a technical analysis book, focus on price pattern. If you are looking for RSI, MACD, etc, look else where.

This book covers topics such as Symmetric Triangle, Gaps, Resist/support, etc. They are very detailed and I definitely learn a lot from this book.

If you want to buy this book, my advice is to buy an earlier edition (5th). The additional chatpers written by Bassetti simply doesn't match the quality of Edwards and Magee.

For example, he uses internet stocks, such as Amazon or Cisco, to illustrate his point of dramatic/speculative crash.

However, he uses charts which are unadjusted for split. If Amazon split 3-1, then there will be a big gap. The gap doesn't mean anything technically.

He devotes an entire chatper to discuss false gaps like that! Very disturbing and unintelligent.
The original writers aer superb though.

I strongly recommand this book for people who wants to learn the price pattern/action. If John Murphy's book is like an encyclopedia of Technical Analysis, then this book focus mainly on the subject of price pattern.

Customer Review: 9 of 17

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Customer Reviews

Technical Analysis of Stock Trends, 8th Edition
Robert D. Edwards, John Magee

Customer Review 8 - 10 of 17


8.	A very comprehensive book
	(Singapore) October 17, 2000 - 5.0/5 stars
	Few books in today's internet world devote the majority part fo the book to analysisng classical chart pattern like this book did.As a technical trader, I sincerely believe that learning to read chart pattern and what does... read full review

Current Review
9.	The best way to understand the basic price action/chart
	(Santa Clara, CA USA) November 5, 2004 - 5.0/5 stars
	This is a technical analysis book, focus on price pattern. If you are looking for RSI, MACD, etc, look else where. This book covers topics such as Symmetric Triangle, Gaps, Resist/support, etc. They are very detailed and... read full review

10.	Great Book
	(Los Angeles, CA United States) February 28, 2001 - 5.0/5 stars
	Don't start investing without reading this book. I wish I did. And after I did, I wish I actually listened because I would've kept my shirt if I had. But no, I always thought the market would rebound the next day but it never did so now I'm shirtless.

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Editorials

Sample 2 of 2

Technical Analysis of Stock Trends, 8th Edition
Robert D. Edwards, John Magee


	Book Description
	Technical Analysis of Stock Trends, 8th Edition, is a critical reference for investors--especially in today's tumultuous markets. This seminal book--the first to produce a methodology for interpreting and profiting from... read full editorial

	Book Info
	Critical reference for investors, especially in today's tumultuous markets. The first to produce a methodology for interpreting and profiting from the predictable behavior of investors and markets.

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