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Technical Analysis of Stock Trends | 
 enlarge | Authors: Robert D. Edwards, John Magee, W.h.c. Bassetti
Publisher: AMACOM
Category: Book
List Price: $99.95
Buy New: $61.77
You Save: $38.18 (38%)
New (28) Used (13) from $52.00
Rating:  50 reviews
Sales Rank: 307026
Media: Hardcover
Edition: 9th
Number Of Items: 1
Pages: 832
Shipping Weight (lbs): 2.9
Dimensions (in): 9.5 x 6.5 x 1.8
ISBN: 0814408648
Dewey Decimal Number: 332.6320420973
EAN: 9780814408643
ASIN: 0814408648
Publication Date: April 11, 2007
Availability: Usually ships in 1-2 business days
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Book 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. An indispensable reference for technical traders, investors, and finance professionals, the ninth edition features: * Expanded treatment of Magee's "basing points" procedure
* In-depth discussion and dissection of Dow Theory
* Extensive new material on commodity trading
* Much-needed perspective on short-term and futures trading The newest incarnation of one of the true classics of market analysis, this book will be a crucial resource for both seasoned veterans and the new generation alike.
Book Description
Technical Analysis of Stock Trendswas 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. An indispensable reference for technical traders, investors, and finance professionals, the ninth edition features: * Expanded treatment of Magee’s ""basing points"" procedure * In-depth discussion and dissection of Dow Theory * Extensive new material on commodity trading * Much-needed perspective on short-term and futures trading The newest incarnation of one of the true classics of market analysis, this book will be a crucial resource for both seasoned veterans and the new generation alike."
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| Customer Reviews: Read 45 more reviews...
 Any Alternatives to this Book? September 4, 2008
This book has substance. It's certainly no easy-read. Compound
and long sentences tend to be used. I'm not really surprised
since this is a book written about 60 years ago.
On page 28 (Dow Theory in Practice), "Divergences sometimes occur
at Reversals in the Major Trend - there have been several instances in
market history, in which, perhaps, the most remarkable occurred way
back in 1901 and 1902, and we shall soon inspect another - but they
also occur with equal with equal frequency at times when no Major
Reversal is developing, and the instance we are discussing here was one
of the latter." can simply be re-phrased as:
"50% of the time, divergences of Averages do not result in market
tops or bottoms."
The style of language is old. This book need not be buried. It only
needs to be revised into an easy-read edition. The King James
Version and the New International Version of the Bible both convey
the same ideas. One can reach heaven with either version. The
only difference is that one is harder to read and the other is easier
to read.
Because this book is a requirement for some examinations, can
anybody tell me where can one find the substance in the book but
learn them in a simpler and modern method?
I would appreciate it.
 dont waste your money May 6, 2008
2 out of 6 found this review helpful
This book seems to have the same format since edition 1. The charts seem to be hand drawn and the book is not reader friendly.
Considering all the available software that is easily available, they should have used current style color charts generated by modern software.
 From the Stock Traders Headquarters library: May 3, 2008
0 out of 1 found this review helpful
For 50 years, this classic has remained the bible on technical analysis. It explains every aspect of charting from basic principles to advanced trading techniques. I love this book.
David Colletti
Founder
StockTradersHQ.com
 Edwards and Magee - A classic text for the professional and novice trader alike March 10, 2008
1 out of 1 found this review helpful
This book has transformed the way that I think about markets more than any other. There are so many nuggets buried in this book, I read it twice and I'm currently working through some sections for a third time. The basic premise of the book is that human behavior never changes and can be discerned through careful analysis of the tape. After trading billions of dollars in energy commodities I can honestly say that I have found premise of the book to be absolutely true! For those of you in the San Francisco Bay Area, I encourage you to consider taking the summer class at Golden Gate University taught by Mr. Bassetti, which teaches students how to build trading systems around the concepts presented by Edwards and Magee.
The Classic Text on Chart Reading February 9, 2008
2 out of 2 found this review helpful
Triangles. Gaps. Reversals.
Do these terms sound interesting to you? Might these be secrets to surefire trading profits? Not really. These are just some of the chart phenomena found in the theory of technical analysis. If you find you have a hard time making money short-term trading using fundamental analysis, there's a good reason - by the time you take your position the fundamental information has already been priced in. So give technical analysis a try instead.
This book, originally published in 1948, is absolutely one of the classics on technical trading (i.e., using price action, volume and time). The authors of this book claim that all a trader really needs to know is found in the charts. Fundamentals can be tossed aside. You just need to know how to interpret what the chart is saying and then act by taking a position. Of course, this means putting your capital at risk based on your chart reading.
But does this approach work? This will depend on the individual's actions. For example, you and I can trade the same stock for 3 years applying technical analysis but the end result can very well be that one of us ends up with a big profit and the other a big loss. The reason is due to the following factors: which patterns to take and which to skip, the spot where you get into a position, how far to let a position move against you, and where to take a profit. And let us not forget the very important variable - the size of the positions. All these factors will combine to produce our final results. There are no hard and fast rules here.
Unless you are a novice, you probably know that there are no guarantees in the trading game. And chart formations are NOT infallible. All the stuff taught in this book will short circuit one time or another causing a loss. You could even fall into a nasty losing streak. Ouch.
No matter what method you use, active trading is always risky. Remember it's very difficult to lose money when you hold a position in the Dow for 30 years; it's much easier to lose money by holding the position for 30 days. This book is one of the very best places to learn the theory of technical analysis of charts. I recommend going with the 4th or 5th edition, that is all you really need to capture the essence of the material, plus, you'll save yourself a few bucks.
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