Rating: 
Summary: The best way to understand the basic price action/chart
Review: 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.
Rating:
Summary: If I had to choose one book it would be this ONE....
Review: As the author of the competing text, "Encyclopedia of Chart Patterns" (Wiley, 2000), I found an early edition of TAoST in a used bookstore over a decade ago. I bought the book again, the 7th edition, and saw the same hand-drawn charts from the 1930's and 40's still there: This is not a complaint; it is comforting to know that the chart patterns that worked back then still work today. As work on my book progressed, I referred to TAoST occasionally, just to be sure the performance statistics I was finding matched those hinted at by Edwards & Magee. E&M were not the first to discover chart patterns, but they sure added to the knowledge base. Thanks, Robert and John!Thomas N. Bulkowski, author, "Trading Classic Chart Patterns" (Wiley, due in spring 2002)
Rating: 
Summary: Thorough, slightly boring and expensive
Review: 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.
Rating: 
Summary: Was the classic until re-release of Schabacker's book
Review: Excellent book on TA, and this edition improves on prior one (not just because I get an acknowledgement in it). Spectacular description of Dow Theory. Uneven in more modern updates for indicators and such. Pattern descriptions second only to Schabacker's book.
Rating:
Summary: Great Book for anyone interested in stock market trends
Review: I'm a beginer in Technical Analysis and have bought several other books.. Until I picked up this book I was completely clueless as where to start.. I'm only on the 6th chapter (plus I've skimmed though other chapters that interested me) and I can safely say this was the best investment I've made for books on Technical Analysis..
It's not over opinionated it seems to go directly into the theory of Tech. Analysis (but it 1st teaches you about the Dow Theory -- don't skip this).. It is technical but is definatly a good book for a begining tech like me.. So far I have a much better understanding of bull /bear markets, appying the dow theory to the general market, and how to apply tech. analysis to individual stocks (just reading that now in chap. 6). I plan on reading this book 3 times and my other tech. analysis books are on the shelf for now..
I hate to write this review before I've finished reading it completly but I've already benifited and that in itself is worth the price of the book..
*Well written
*In good sequence to develope understanding of and applying trends & tech. analysis to the market and stocks
*Top quality subject material
Rating:
Summary: Most of the reviewers are right. Some missed the point.
Review: Investors and traders and technical analysts who are not familar with this book are only short-changing themselves. Unless you are informed as to this material you are unable to evaluate the products of number driven analysis. This is TA 1. I am amazed to hear some people call it boring. In fact it is extremely well written. Having read it 15 or 20 times I think I am qualified to say that. Scoffers at technical analysis and traders who use only statistical technical indicators do nothing but delight me and other chartists. We need their money ... W.H.C. Bassetti
Rating:
Summary: Most of the reviewers are right. Some missed the point.
Review: Investors and traders and technical analysts who are not familar with this book are only short-changing themselves. Unless you are informed as to this material you are unable to evaluate the products of number driven analysis. This is TA 1. I am amazed to hear some people call it boring. In fact it is extremely well written. Having read it 15 or 20 times I think I am qualified to say that. Scoffers at technical analysis and traders who use only statistical technical indicators do nothing but delight me and other chartists. We need their money ... W.H.C. Bassetti
Rating:
Summary: Grandpa is still my hero
Review: Technical Analysis of Stock Trends was a revolutionary book when it was first published. It was the first comprehensive work on technical analysis, at a time when technical analysis was considered an abstract art rather than a true science. It is so complete in its descriptions of the markets and how to trade them, that it has survived the greatest test of the literary world - time. It is without peer when described as the Bible of Technical Analysis. Anyone who is interested in market history, or the history of technical analysis, should read this amazing work. And anyone who is considering studying technical analysis or actually trading using TA, is also highly encouraged to not just read, but devour, this book. Now, Darwin was known for describing the process of evolution, and his attention would have been greatly stimulated by the world of technical analysis. This book was the first, but by no means the last. Mr. Murphy's Technical Analysis of the Futures Market and Mr. Schwager's Complete Guide to the Futures Market are powerful additions to the rishness and wealth of information in the world of TA. But there can only be one original, one foundation, and that classic epic title belongs to Edwards & Magee.
Rating:
Summary: Still the classic
Review: 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.
Rating:
Summary: a marvellous work.
Review: What a wonderful work! In every way I look at this book, it's almost perfect. Great use of repetition, clean and simple description of chart patterns, many examples, and very well organized. This book is divided into two parts. The first part consists mainly of chart patterns and technical details. Surprisingly, this is the boring part. The second part deals with applying the techniques that you've learned in the first part. If you have the patience to read through the first part, the second part is a pure joy. I highly recommand it.
|
