Summaries and Customer Reviews are supplied by Amazon.com

The first book to introduce a methodology for determining the predictable behavior of investments and markets, Technical Analysis of Stock Trends revolutionized technical investment approaches and showed traders and investors how to make money regardless of what the market is doing.

A true classic of market analysis, this book is an indispensable reference for investors and traders, both seasoned veterans and the new generation alike.

Average Customer Rating:

Only if you like classic books (and then go for the 5th edition)

Customer Rating:

This is a review of the 9th edition: I would not recommend this book unless you are into the "history of technical analysis". The focus of the book is classical patterns of bar charts. The book is absolutely not bad, but it's value is a bit dubious. Why read a book that have charts that are 1/2 century old? You can't be sure that things haven't changed, can you? So the newer editions also have more modern charts. However, this combination of old and new makes for a frustrating reading. Actually I would think most book deteriorate in quality after their 3rd edition. If you want a classic in your bookself I would really recommend you to buy a second-hand copy of the last edition written by Edwards & Magee alone. This would be the 5th edition. It has a very professional binding and clear white pages. The new edition is a very ugly and cheaply bound hardcover. This comment is only if you are into good looking books. You get the 5th edition for $5 at amazon, so it is a nobrainer!

Excelent!	Customer Rating:
A practical guide to Technical Analysis of Stock Trends very good!

this is not the latest version of the book!	Customer Rating:
I bought the book because I think it is of the latest edition (edition 9?). But obviously, it is not, although it is printed in 2008. Amazon should specify the edition of the book!

Technical analysis is widely used among traders and financial professionals

Customer Rating:

This book is the Bible of Technical analysis. Technical analysis is a financial markets technique that claims the ability to forecast the future direction of security prices through the study of past market data, primarily price and volume. In its purest form, technical analysis considers only the actual price and volume behavior of the market or instrument, on the assumption that price and volume are the two most relevant factors in determining the future direction and behavior of a particular stock or market. Technical analysts may employ models and trading rules based, for example, on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, cycles or, classically, through recognition of chart patterns. Technical analysis is widely used among traders and financial professionals, but is considered in academia to be pseudoscience.Academics such as Eugene Fama say the evidence for technical analysis is sparse and is inconsistent with the weak form of the generally-accepted efficient market hypothesis. Economist Burton Malkiel argues, "Technical analysis is an anathema to the academic world." He further argues that under the weak form of the efficient market hypothesis, "...you cannot predict future stock prices from past stock prices." However, there are also many stock traders who proclaim technical analysis not as a science for predicting the future but instead as a valuable tool to identify favorable trading opportunities and trends. The assumption is that all of the fundamental information and current market opinions are already reflected in the current price and when viewed in conjunction with past prices often reveals recurring price and volume patterns that provide clues to potential future price movement. In the foreign exchange markets, its use may be more widespread than fundamental analysis. While some isolated studies have indicated that technical trading rules might lead to consistent returns in the period prior to 1987, most academic work has focused on the nature of the anomalous position of the foreign exchange market. It is speculated that this anomaly is due to central bank intervention.

Reprint of a old-edition (1948 ?! )

Customer Rating:

The book is the reprint of a old edition date back 1948 with some little update up to 1963. The Amazon's Search-Inside(TM) refer to another update version of the book (9 ed.). The book's style and content is very old, the charts are hand-made and frankly speaking now it's possible to do much better and the calculation of indicators now can be exact. If you are interested to the prehistory of technical analysis a would suggest "Welles Wilder - New Concepts in Technical Trading Systems". Modern and better books are those of Achelis and Colby.