Recommend me a Technical Analysis book
 

Basically, I want to start learning technical analysis for stocks. I did some searching on Amazon and there are quite a few books with good (4+ stars) rating, but not sure if I trust all the reviews.

So, recommend me something you have personally read/used or one that is highly recommended by people in the know.

TIA

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
“I realized that technical analysis didn’t work when I turned the chart upside down and
didn’t get a different answer.”

Warren Buffett



[/ QUOTE ]

Read "The Intelligent Investor" instead.

Re: Recommend me a Technical Analysis book
 

I would start with John Murphy. Technical analysis of the financial markets.

There are a zillion TA books out there but I think Murphy is about as good a place as any to get the basics. He explains many different methods such as chart patterns, oscillators, moving averages etc.

Once you get the basics down you may want to look for something more specific. A lot also depends on the time frame you are interested in. Day trading, swing trading, long term trades etc.

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
Read "The Intelligent Investor" instead.

[/ QUOTE ]

Hmmm? I didn't realize that was a technical analysis book? What kinds of TA methods does it focus on?

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
[ QUOTE ]
Read "The Intelligent Investor" instead.

[/ QUOTE ]

Hmmm? I didn't realize that was a technical analysis book? What kinds of TA methods does it focus on?

[/ QUOTE ]

Just the greatest and most effective TA method ever, the "not using TA" method.

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
Just the greatest and most effective TA method ever, the "not using TA" method.


[/ QUOTE ]

OP said he wanted to "learn" about technical analysis. Learning is typically a good thing. Once you "learn" you can decide whether you want to "use" it or not. Ignorance of technical analysis is probably not a good idea even if you never plan to to use it.

I'll bet you even Buffett knows a thing or two about chart patterns, trend channels, support, resistance and overbought/oversold indicators even if it isn't his main or even tertiary focus.

Re: Recommend me a Technical Analysis book
 

Just throwing this out here.........

A subscription to INVESTORS BUSINESS DAILY newspaper.

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Read "The Intelligent Investor" instead.

[/ QUOTE ]

Hmmm? I didn't realize that was a technical analysis book? What kinds of TA methods does it focus on?

[/ QUOTE ]

Just the greatest and most effective TA method ever, the "not using TA" method.

[/ QUOTE ]

DC, I know you're a FA investor, but have you ever worked on or studied TA extensively?

I believe both methods can compliment each other. FA can provide you with set-ups and TA can privide your entries and exits.

TA, when used properly, can act like a looking glass mapping the patterns of buying and selling which often points towards impeding moves.

Completely disregarding TA surely will make you lose some edge when using FA for set-ups.

Re: Recommend me a Technical Analysis book
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Read "The Intelligent Investor" instead.

[/ QUOTE ]

Hmmm? I didn't realize that was a technical analysis book? What kinds of TA methods does it focus on?

[/ QUOTE ]

Just the greatest and most effective TA method ever, the "not using TA" method.

[/ QUOTE ]

You've gotta love the open mindedness of the Finance section. So, if Buffet can't figure it out or use it, I guess it just doesn't work. So, I guess Steven Cohen and Bruce Kovner are on the Forbes riches people by sheer and freak luck.

THE HUN.

Re: Recommend me a Technical Analysis book
 

As a quick reply, the Murphy book is the best place to get started to give you a nice overall look at things. Martin Pring's Technical Analysis Explained, is also a good beginners book, but that focuses more on chart patterns. The Murphy book has patterns but alos has a lot of material on various indicators and more, so that makes it the better book to get an overall feel for things.

THE HUN.