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D**I
Classic on Technical Analysis
Stan Weinstein's classic teaches investors to ignore the fundamentals and buy on the right technical analysis. In brief, he advocates buying when a stock price is above the 30 week moving average (note the 30 week and not the 30 day moving average), and on high relative strength. In other words, the stock price should be rising faster than the index relevant to that stock. He also advises selling when the stock price falls below the 30 week moving average: no exceptions. The style is simple, direct and authoritative: These are my rules, do what I say. If you don't like being told what to do, don't buy the book.Criticisms: the charts are smudgy and old fashioned, but clear enough to amplify the teaching. Also some people question whether the 30 week moving average is as relevant today as it was in the 1970-2000 era. But in the absence of any firm evidence to support a different moving average, most of Weinstein's followers will be happy to stick with the 30 week guideline.A great book. Strongly recommended for all investors, including the fundamentalists.
J**N
If you only read one book about stocks in your life, this is the ONE
The book is a little bit old, and then the pictures and the graphs are not so good compared with what technology can provide nowadays, but the content is still perfectly applicable and this book is simply the best and simplest approach to technical analysis.There are many good books about technical analysis out there, but if you're only going to read one, it should be this one.Very practical and simple approach. You don't need a mathematics degree to understand what Stan has to say.It's interesting to note that, as the book is quite old, many people keep asking the author if he's going to write a new one. He's answer is always that he already wrote everything he knew in this one and then there's no reason for a new one.Highly recommended by somebody like me, that is far from being a professional of the stock markets, but wants to understand a little bit of what's going on there.
S**U
its a good read, you need to use your grey matter ...
If the stock market went up in a perfect straightline from 1817 to todays date and never ever went down,and you could only own an index, not individual stocks, then there is no need for this book ever to be written.but the stock market doesnt work like that, those wiggly lines on a chart are human beings, buying and selling, and human beings are emotional and herd like. take advantage of those ups and downs, you will make more money overall,this book is an eye opener, for all those that are only fundamental investors owning world famous stocks that can surely only go one way and that is up every day, every week, every month,year, then you arevery wrong.the stock market is a game, institutes make a fool of joe average investor with his buy and hold, even during a bear market!!(joe still refuses to sell, because of his fund managers advice)this book shows you the flow of the buying and selling, why it happens and when and what you should do as an investor or trader.its a good read, you need to use your grey matter and have a notebook ready to copy lifetime rules you must never forget.if you dont buy this book, well thats another mug ill take profits from when you buy in at the wrong time and I sell my stock to you,for a profit, thanks !!!trading works well short term, fundamentals combined with trading works best long term, trading gets you out of a position fast, detereating fundamantals doesnt!!a long bullmarket in a stock or fund is the joining up of numerous short term movements, that last hours, days, weeks or months, trade them correctly and you will make more money overall than buying and holding the bull market fund/stock.
H**E
Glad I bought this
I'm a novice and reading to understand before getting sucked into actual trading.I would in general favor a fundamental approach.....but I say this as a business professional rather than a market specialist.I'd usually have considered technical analysis a bit too far fetched for me until I started reading this book. I'm only half way through it and although its dated its very logical and I'm pretty sure that I'll grade it as a 5 when I'm finished.Now pretty convinced that Tech Analysis should be blended with one's investment approach unless you have the time luxuty or reputation of Warren Buffet.
W**T
An excellent system
This book was very well structured and the writing was clear with great examples. It was easy to understand the author's model. There are numerous illustrations featuring stock charts which is great. However, the one big fault of the book is that all these illustrations are not as sharp and clear as I would have liked. The book really needs to be rewritten with newer sharper images. Great content though.
J**B
Must Read for investors
Excellent book. Still relevant and easy to understand and apply. The more you read the more you get from the book. Lasted the test of time and suitable for all investors. Must have on list of investing books to read. Well worth it even for only the rules for buying and selling but the book has a whole lot more to offer.
W**E
Good but unreadable on kindle
Book is a good read despite its age by now. But for heaven's sake, please get someone to review it as it's full of formatting errors and also typos. It's unreadable on Kindle. I stopped submitting issues via the app and resorted to pure interpretation as I was reading. Then images and their captions are also all over the place.Please test before publishing.
M**
Nice book
Very informative and
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