Books on Technical Analysis

M

morbius14

hi,

I was wondering if anyone can recommend some good technical analysis book? I've already read "Technical Analysis of the Financial Markets" by John J. Murphy and i'm trying to get something a little more advanced and maybe more up to date to current market conditions. I did a search on Amazon and seems like Technical Analysis of Stock Trends by Robert D. Edwards have very good reviews and it's also coming out with a new edition. Any recommendation would be helpful. Thanks all!
 
See also the book reviews on this site. I agree with the favorable reviews of "New Trading Systems and Methods" by Kaufman. Also "Technical Analysis from A to Z" is an easy read and summary.
 
>morbius14

I read Technical Analysis of Stock Trends 35 years ago
and am darn glad that it was the first book that I read
on TA. I HIGHLY recommend that you read it. However,
and this I think is important, try to find the 6th edition.
This is the last edition that was put out by Magee. I say this
because the guy (Bassetti?) who I hear got the selling
rights after Magee died started adding chapters to the
7th and later editions. I saw what he added and believe
me he is no student of the market. If you can get only
a post-6th edition, skip those chapters numbered with
decimals.
This is not a get-rich-quick book. It's a textbook. I know
many people who have never made it to the end of the
book. If you don't like puzzles, games such as chess etc,
you may not be suited to learn and use TA. But even if
you are, I suggest you skim through the book once, then
do a more detailed 2nd reading, and then try to start
learning TA on the 3rd reading.

Good luck.
 
Quote from gaijin2006:

>morbius14

I read Technical Analysis of Stock Trends 35 years ago
and am darn glad that it was the first book that I read
on TA. I HIGHLY recommend that you read it. However,
and this I think is important, try to find the 6th edition.
This is the last edition that was put out by Magee. I say this
because the guy (Bassetti?) who I hear got the selling
rights after Magee died started adding chapters to the
7th and later editions. I saw what he added and believe
me he is no student of the market. If you can get only
a post-6th edition, skip those chapters numbered with
decimals.
This is not a get-rich-quick book. It's a textbook. I know
many people who have never made it to the end of the
book. If you don't like puzzles, games such as chess etc,
you may not be suited to learn and use TA. But even if
you are, I suggest you skim through the book once, then
do a more detailed 2nd reading, and then try to start
learning TA on the 3rd reading.

Good luck.
More...

I agree about finding an older edition. These occasionally turn up on eBay. I got a fifth edition for only a few dollars.

LC
 
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