Books : Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis)
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- Another Invaluable Book by Connie BrownThere are many market analysts who discredit the value of
Phi/phi as their scans show only incidental occasions when
prices reverse at those popular "retracement" levels.
Connie Brown, who has mastered the teachings of W. D. Gann, R. N. Elliott, and many other's theories, is to be complimented for sharing many of her discoveries in yet another great little book. From her world travels she also adds insights into the historic uses of "The Sacred Mean", or "Golden Ratio", that is found in great art masterpieces, architecture and, most importantly, nature.
Connie offers concrete evidence as to reasons that some practioners do not find value in these studies.
It is my opinion that this book will be of special value to "discretionary" traders, those who have developed a holistic view of the markets using elements of multiple analytical approaches, rather than to the "system" trader. In other words, personal work (reason) is essential to employing these methods successfully.
It is my hope that Connie's revelations will lead to
even further discoveries in the understanding of the
ebb and flow of mass market psychology as there is still much to be learned.
Rating:
- A deep and informative book. For advanced studies only.Constance Brown is a very intelligent person. I said that first because this is not the type of investing book that deals in general market tactics and strategies that most people write and can write. If you read this book you might find yourself(as I did) going back and reviewing things before you get the hang of it.
Fibonacci systems are not easily understood if they are to be implemented correctly. This book covers all you'll need to understand and implement Fibonacci systems in your technical analysis, except for the software obviously. Like she says in the book, don't feel discouraged if you don't get it right away. Keep at it and keep researching and tempering your skill.
I wish Mrs. Brown would write a series on Technical Analysis(she mentions other topics that she would like to write about in the book). She has written other books but I'd like to see them republished or some written anew.
All-in-all a great book. Not for beginners. Definitely rewarding.
Pluses: A first(or near it) of it's kind. Deep subject reviewed and explained. Author has authority and knowledge on subject.
Minuses: Book might be out of reach for some leading to disappointment. Definitely requires study to fully understand.
Rating:
- Excellent bookThis is an excellent and eye-opening book. A fair amount of technical analysis knowledge is required. A must in every serious trader's bookshelf. Connie Brown is a true master.
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