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Books : Technical Analysis Plain and Simple: Charting the Markets in Your Language (2nd Edition)

Books : Technical Analysis Plain and Simple: Charting the Markets in Your Language (2nd Edition)

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Rating: 3 out of 5 stars - Analysis
This book is good if you have no clue about the role that intangibles (investor sentiment, momentum, etc.) play on a security's price fluctuations. There are plenty of good cliches about how a stock is priced. But other than that, I gained nothing in terms of actual technical analysis skill. The author spent too much time arguing the validity of using technical data with fundamentals which I would assume anyone who purchased the book, already knew there is value in technical analysis.



Rating: 5 out of 5 stars - Plain and Simple? Refreshingly so.
As a private investor and trader, I'm always on the lookout for pros that can take seemingly complex investment ideas and break them down in a thoughtful and understandable way. This is where the author's crawl, walk and run approach to technical analysis brings the message home, showing how it can be used as a "you are here" guide when you aren't exactly sure where your investments stand or when you should buy or sell, despite what the fundamentals are telling you. This book is chock full of powerful ideas and particularly timely given the fact that our markets and economy are facing increasing headwinds that will only worsen in coming months. I would recommend it to fellow investors, friends and family that want to protect their portfolios and add focus and discipline to their buys and sells, and also for those that want a reference text for the TA discipline. If you agree that a Dr. shouldn't sum up chest pains without first consulting X-rays and EKGs and that a sea captain shouldn't fare stormy weather without an up-to-date navigational chart, you may appreciate the insightful methods Mr. Kahn hammers home with his step-by-step guide to charting the markets.


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