Rating: 
- Read this edition
I believe serious students of the market's action should master this book in its edited form whether they intend to specialize in the technical action or not. Wealthy clients have been known to blow out from ignorance of basic technical action in the financial marketplace.
The edited form (TAST 8) has information of value for the beginner as well as for an experienced practitioner. The present editor has provided an excellent review of Dow Theory in chap 5.1 and presents arguments for traders trying to resolve the identity dilemma in chap 18.1. Money management principles have also been included in the text which I think are the most critical aspect of the trading enterprise. Basing points are central to the method and the editor has included a discussion about their use.
As a student & associate of the editor I can't recommend the 8th Edition enough and I think the dissenting views posted by "the reader without a name" should be ignored as unfounded and largely ignorant of the contributions from the present editor. An examination of several of that critic's other reviews shows this to be the case.
Rating:
- Go for the more Classic Book!!
This is a technical analysis book, focus on mainly chart pattern and channel lines.
I bought the 5th edition and 7th edition on E-Bay.
The chapters written by Bassetti simply doesn't match the quality of Edwards and Magee original books.
If I had a preference I would choose first the 5th edition first and next I would choose the 7th edition.
I returned the 8th edition back to the bookstore for a refund.
Rating: - Editor W.H.C. Bassetti butchers this classic
If you are interested in reading Edwards and Magee's classic book Technical Analysis of Stock Trends, I strongly encourage you to purchase a copy of an older edition which was not edited by W.H.C. Bassetti.
Bassetti's main objective in his edits is to try to impress the reader with how intelligent he is - in particular how large his vocabulary is and how clever he can be in his writing. Unfortunately I did not buy this book to find out how intelligent, clever, and articulate the editor is. I bought this book to learn classic chart patterns as taught by Edwards and Magee. Bassetti's annoying and low value edits detract from this great work. Bassetti has truly mastered the art of saying in six sentences with fancy words and pointless historical references what could much more easily and effectively be said in one sentence with regular words. The contrast between Edwards and Magee's to the point writing style and Bassetti's grandiose rhetoric is remarkable.
I hope the publisher reads this review and finds a better editor for the next edition. You will see other people making similar comments below. Also notice below that Bassetti reviews his own book and gives it five stars. Hmmm, an editor reviewing his own book - must be very objective.
If it ain't broke don't fix it. And if you are an editor of a classic, don't butcher it in an attempt to boost your own low self esteem.
Rating: - legendary
Great read, truely a reference. Dont expect to read through fast, many points must be gone over to understand the "fundamentals" of TA. Written in a whole nother dialect making the first part of the book tedious but none the less important.
Rating: - The 3 That Matter
There are three major, critical tech analysis books.
The first one is John Murphy's.
The second is this one. It is well worth your time.
The last one is Bruce Kamich's "How tech analysis works."
If you read any of these -- or better yet, all 3 -- you WILL have a firm grasp on why charts are important and how charts are properly read.....
Again, these are the only 3 charting books you need as they are the most comprehensive....
- Read this editionI believe serious students of the market's action should master this book in its edited form whether they intend to specialize in the technical action or not. Wealthy clients have been known to blow out from ignorance of basic technical action in the financial marketplace.
The edited form (TAST 8) has information of value for the beginner as well as for an experienced practitioner. The present editor has provided an excellent review of Dow Theory in chap 5.1 and presents arguments for traders trying to resolve the identity dilemma in chap 18.1. Money management principles have also been included in the text which I think are the most critical aspect of the trading enterprise. Basing points are central to the method and the editor has included a discussion about their use.
As a student & associate of the editor I can't recommend the 8th Edition enough and I think the dissenting views posted by "the reader without a name" should be ignored as unfounded and largely ignorant of the contributions from the present editor. An examination of several of that critic's other reviews shows this to be the case.
Rating:
- Go for the more Classic Book!!This is a technical analysis book, focus on mainly chart pattern and channel lines.
I bought the 5th edition and 7th edition on E-Bay.
The chapters written by Bassetti simply doesn't match the quality of Edwards and Magee original books.
If I had a preference I would choose first the 5th edition first and next I would choose the 7th edition.
I returned the 8th edition back to the bookstore for a refund.
Rating:
- Editor W.H.C. Bassetti butchers this classicIf you are interested in reading Edwards and Magee's classic book Technical Analysis of Stock Trends, I strongly encourage you to purchase a copy of an older edition which was not edited by W.H.C. Bassetti.
Bassetti's main objective in his edits is to try to impress the reader with how intelligent he is - in particular how large his vocabulary is and how clever he can be in his writing. Unfortunately I did not buy this book to find out how intelligent, clever, and articulate the editor is. I bought this book to learn classic chart patterns as taught by Edwards and Magee. Bassetti's annoying and low value edits detract from this great work. Bassetti has truly mastered the art of saying in six sentences with fancy words and pointless historical references what could much more easily and effectively be said in one sentence with regular words. The contrast between Edwards and Magee's to the point writing style and Bassetti's grandiose rhetoric is remarkable.
I hope the publisher reads this review and finds a better editor for the next edition. You will see other people making similar comments below. Also notice below that Bassetti reviews his own book and gives it five stars. Hmmm, an editor reviewing his own book - must be very objective.
If it ain't broke don't fix it. And if you are an editor of a classic, don't butcher it in an attempt to boost your own low self esteem.
Rating:
- legendaryGreat read, truely a reference. Dont expect to read through fast, many points must be gone over to understand the "fundamentals" of TA. Written in a whole nother dialect making the first part of the book tedious but none the less important.
Rating:
- The 3 That MatterThere are three major, critical tech analysis books.
The first one is John Murphy's.
The second is this one. It is well worth your time.
The last one is Bruce Kamich's "How tech analysis works."
If you read any of these -- or better yet, all 3 -- you WILL have a firm grasp on why charts are important and how charts are properly read.....
Again, these are the only 3 charting books you need as they are the most comprehensive....