How Charts Can Help You In The Stock Market

How Charts Can Help You In The Stock Market

How charts can help you in the Stock Market

This was the first book I ever bought on TA, it was cheap,simple to understand, it was excellent value. I find I keep coming back to it if I start losing sight of what's happening.

I like his views on volume when analising the patterns, and the chapter on the 200 day Moving average- very good.

Dave has already given you the other aspects of the book , of which I concur.

Amust for any library.
How Charts Can Help You in the Stockmarket

First published 1962, my copy is from the 10th printing in 2000... that in itself isn't a bad recommendation ;)

This is, in my view, an excellent first book for TA newbies - it teaches you to look for support, resistance and trends over the first 25% of the fairly slim 200 or so pages. Straightforward, no nonsense guidance - forget heading straight to Murphy and 3000 indicators to tweak while your money evaporates, this'll help you learn to read a simple price and volume bar or candle chart without frills. I think that's one of the most important skills in TA, and one many skip over too quickly.

After that you get a potted guide to 8 or 9 common 'patterns' of price and volume action - again useful stuff, without going overboard with dozens of variations, a tiny 'indicators' isn't what most will imagine - no sign of an RSI or OBV here - and then a few short pages on profit and avoiding undue loss. These last two sections are a bit of a skim over the surface, you'll need a more in depth treatment sooner rather than later - it'd be optimistic to claim the 'profits' section told you all you'd eventually like to know.

Overall - it is not an in depth guide, it is a good, solid introduction to chart reading that would make a good foundation before starting to look for more complex ideas. Darn good value for a newbie.