Rating: 
Summary: Definitely a classic, but not one in the top "buy" list
Review: Written in the 20's, this book is at least five decades ahead of its time, discussing detailedly about Dow Theory, chart patterns, volume, support and resistance etc in the demand and supply context, at a time whilst most people focused solely on company/accounting data specific fundamental analysis. However, though market psychology doesnt change, technology and the speed and means of information distribution do, leading to shorter business cycles and thus trends, inevitably attacking the weakest link of the Dow Theory which is that confirmation of the primary and long term trend almost always come too late. The situation is even worse in that "traps" in trend following are so frequent in today's highly competitive market when power traders with the help of deteriatives fully exploit the stop loss orders of mass investors. I dont mean to undermine the value of this book. Nevertheless, considering the high price of the book and the long time to read it through, there are many alternatives that cover TA wider and deeper. This book can be a very exhaustive reference book in chart patterns. It just cannot provide a compeat course on TA. The new appendix of MACD, Stochastics etc is adequate but far from sufficient. Afterall, TA is just a tool for money making. There's no point not to take a more productive route to achieve the goal.
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