Support & Resistance Simplified

Rating:
Summary: Not What I Expected
Review: When I bought this book, I expected to learn how to draw supports & resistances, and hopefully it'll include trenlines & channels.

I didn't get to learn that. There is also a basic tenet of this book that i cannot agree with. It tells readers that supports & resistances are not functions of supply and demand. It may not be in the economic terms but my view is that S&R are the results of supply and demand of the stock at the given prices.

What you'll find in this book are the basic definations for S&R, plus some explainations. You'll get the same for channels, gaps and the various triangle chart patterns. Swing trading is briefly touched upon, as well the dow theory.

I dont find this book telling me much about S&R that I don't already know. It is not a book for advanced traders. I don't think it is useful for beginners as well, any book that talks about technical analysis in general should be able to provide better details and explainations on everything this book touched on.