Rating: - Very good read! Charts could be a bit more self-explanatory
This book is very smooth to read, and the insights are thoughtful. It is definitely a classic in Technical Analysis. However, the charts could use a little more simplicity. When you compare the charts in this book and the ones in the J. Murphy's "Technical Analysis Of The Financial Markets", considered the bible of Technical Analysis you spot the difference. The latter is a heavy volume but it can be read faster, because of the self-explanatory charts.

Overall, a must-have!

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Rating: - Great book to learn the basics
I read this because it was required reading for the CMT exam and I really wish I'd read it when I started trading a few years ago. It's easy to read and conveys a wealth of information that anyone who trades would find useful. The chapters on the TA controversy, charts, trends, MAs, and cycles are especially clear. Also valuable is that it's a serious book with none of the hype thrown in by authors of TA books who are really selling themselves. My only criticism is that the authors seem to believe they have to throw every technique and oscillator they've ever heard of into this book, regardless of whether they're of any value. But this allows the CMT people who prepare the exam to throw in questions on obscure topics as well.

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Rating: - Excellent Teachers
The authors are Kirkpatrick and Dahlquist. Mr Kirkpatrick is an instructor in finance, Fort Lewis College School of Business Administration in Colorado and Ms Dahlquist is a senior lecturer in the Department of Finance at University of Texas. Ms Dahlquist has a Ph.D. The book has an impressive bibliography. It is 19 pages long and includes some papers not readily available to the general public. At the end of each chapter and Appendix A there are a list of review questions. I answered all of these questions and by the end of the book I was confident that I had come to grips with the subject matter.

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Rating: - Singe Best Book on Technical Analysis!
Technical Analysis by Kirkpatrick and Dahlquist has raised the bar and set the standard for TA books. It's far more advanced than Murphy's Technical Analysis of the Financial Markets, and a much easier read, as well as more scientific, than Pring's Technical Analysis Explained.

It consists of 629 pages loaded - I'm talking small type - with brilliant insights on stock analysis and market analysis. The book serves as a guide, a text book on TA, and a myth buster of some of the "pie in the sky" vodoo that tends to distort the image of TA. It tells you - with statistics and scientific research - what's effective, what was never effective and what used to be effective. After already having read several investment books on TA and fundamental analyis and having went to B-School, I still learned both fundamental things and TA things from this book.

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Rating: - Outstanding book!
This is by far the best book I have read on technical analysis. It is a complete guide to all the different aspects of T/A. The best part of the book and the reason it I give it 5 stars, is the fact that the author has tested all of the indicators himself (and his team), and if he hasn't tested them personally, he list someone who has. He provides you with the success/failure rate of different indicators, what % of the time the stock will rise after say a declining wedge, and how often contrarian trading works to your advantage.

If you have not read a book on T/A before, I would recommend reading something like Technical Analysis of the Financial Markets. I think you will get more out of the book if you already have a good knowledge base built up before hand.