Rating: 
- Great Book
Don't start investing without reading this book. I wish I did. And after I did, I wish I actually listened because I would've kept my shirt if I had. But no, I always thought the market would rebound the next day but it never did so now I'm shirtless.
Rating: - Two Words -- The Best
As an avid student of technical analysis I can sum up Magee and Edwards in two words: The Best.
Magee and Edwards classic work is one of the oldest and certainly most comprehensive sources for BASIC technical analysis information such as trendlines, reversal patterns, and over all assessment of the stock market. I find myself rereading chapter after chapter of Magee and Edwards on a weekly basis. Simply put, before I bought this book, I regularly lost more than I made in the stock market. After buying this book, I have changed my tactics completely and successfully.. both in bull and bear market conditions.
Rating: - A very comprehensive book
Few books in today's internet world devote the majority part fo the book to analysisng classical chart pattern like this book did.
As a technical trader, I sincerely believe that learning to read chart pattern and what does the varies price bar is indicating is far more valuable then trying to figure out whether is the market over bought or over sold.
For all those that wants to understand the market behaviour through chart reading, this book is a good place to start.
Rating: - Timeless classic
A lot of timeless insight and wisdom. If you are only looking for the latest and hottest indicator, this book is not for you. It does have a small chapter with definitions of some recent (i.e. less than 30 years old) oscillators, but it mostly discusses area patterns like gaps and head and shoulders (the first edition was written in late forties). On the other hand, it's amazing how timeless the simple (in a Zen sense) market wisdom and insight is. Like "Reminiscenses of a Stock Operator", this book gives you more than a new spreadsheet formula -- it gives you deeper understanding of the nature of the Market.
On the other hand, I think you shouldn't use this book as your first TA course -- you'll probably wish to learn as much as possible as quickly as possible. The book's subtle points will be lost on you, while you'll be angered and frustrated by anachronisms. On the other hand, if you know the TA basics and are looking for refining your understanding, the same old charts and anachronisms (i.e. calling Dow Jones Transportation Index "Rails") can be a welcome way to gain some insight into the history of subject, while enjoying the timeless wisdom of the founding fathers of Technical Analysis.
Rating: - A Classic work on Technical Analysis
I read Edwards and McGee, Technical Analysis of Stock Market Trends with great enthusiasm. Here was a book that was originally written in the 1940's that is equally valid to anyone trying to play the stock market in the Twenty First Century. It also gave me insights into the wild times on Wall Street in the Roaring 20's, and taught me how the pros did stock manipulation and organized "bear traps." Understanding Wall Street irrational exuberance in 1928 helps a smart investor understand the irrational exuberance in 1999. I started reading and then using Technical Analysis because I found I couldn't make money on the market just using the fundamental analysis that my accounting professors taught me in business school. I bought stocks based on detailed analysis of the firm's fundamentals and then could not understand why the prices of my "smart" investments immediately dropped like a rock. Technical analysis provides an investor with insights into the market forces (supply and demand) that affect the rise and fall of stock prices and give a rational investor understanding of the psychology of the herd of investors.
Modern web technology available from Clearstation and E-trade take the drudgery out of the technical charting, and make it easy for an amateur investor to become an experienced technical chart reader. Edwards and McGee was the book that helped me develop this skill. I can not praise the authors of this book enough.
- Great BookDon't start investing without reading this book. I wish I did. And after I did, I wish I actually listened because I would've kept my shirt if I had. But no, I always thought the market would rebound the next day but it never did so now I'm shirtless.
Rating:
- Two Words -- The BestAs an avid student of technical analysis I can sum up Magee and Edwards in two words: The Best.
Magee and Edwards classic work is one of the oldest and certainly most comprehensive sources for BASIC technical analysis information such as trendlines, reversal patterns, and over all assessment of the stock market. I find myself rereading chapter after chapter of Magee and Edwards on a weekly basis. Simply put, before I bought this book, I regularly lost more than I made in the stock market. After buying this book, I have changed my tactics completely and successfully.. both in bull and bear market conditions.
Rating:
- A very comprehensive bookFew books in today's internet world devote the majority part fo the book to analysisng classical chart pattern like this book did.
As a technical trader, I sincerely believe that learning to read chart pattern and what does the varies price bar is indicating is far more valuable then trying to figure out whether is the market over bought or over sold.
For all those that wants to understand the market behaviour through chart reading, this book is a good place to start.
Rating:
- Timeless classicA lot of timeless insight and wisdom. If you are only looking for the latest and hottest indicator, this book is not for you. It does have a small chapter with definitions of some recent (i.e. less than 30 years old) oscillators, but it mostly discusses area patterns like gaps and head and shoulders (the first edition was written in late forties). On the other hand, it's amazing how timeless the simple (in a Zen sense) market wisdom and insight is. Like "Reminiscenses of a Stock Operator", this book gives you more than a new spreadsheet formula -- it gives you deeper understanding of the nature of the Market.
On the other hand, I think you shouldn't use this book as your first TA course -- you'll probably wish to learn as much as possible as quickly as possible. The book's subtle points will be lost on you, while you'll be angered and frustrated by anachronisms. On the other hand, if you know the TA basics and are looking for refining your understanding, the same old charts and anachronisms (i.e. calling Dow Jones Transportation Index "Rails") can be a welcome way to gain some insight into the history of subject, while enjoying the timeless wisdom of the founding fathers of Technical Analysis.
Rating:
- A Classic work on Technical AnalysisI read Edwards and McGee, Technical Analysis of Stock Market Trends with great enthusiasm. Here was a book that was originally written in the 1940's that is equally valid to anyone trying to play the stock market in the Twenty First Century. It also gave me insights into the wild times on Wall Street in the Roaring 20's, and taught me how the pros did stock manipulation and organized "bear traps." Understanding Wall Street irrational exuberance in 1928 helps a smart investor understand the irrational exuberance in 1999. I started reading and then using Technical Analysis because I found I couldn't make money on the market just using the fundamental analysis that my accounting professors taught me in business school. I bought stocks based on detailed analysis of the firm's fundamentals and then could not understand why the prices of my "smart" investments immediately dropped like a rock. Technical analysis provides an investor with insights into the market forces (supply and demand) that affect the rise and fall of stock prices and give a rational investor understanding of the psychology of the herd of investors.
Modern web technology available from Clearstation and E-trade take the drudgery out of the technical charting, and make it easy for an amateur investor to become an experienced technical chart reader. Edwards and McGee was the book that helped me develop this skill. I can not praise the authors of this book enough.