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#1
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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 |
#2
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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. |
#3
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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? |
#4
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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. |
#5
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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. |
#6
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Re: Recommend me a Technical Analysis book
Just throwing this out here.........
A subscription to INVESTORS BUSINESS DAILY newspaper. |
#7
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Re: Recommend me a Technical Analysis book
[ QUOTE ]
[ 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. [/ QUOTE ] If people want to discuss TA, I'll stay out of the way of your fun. But he sounds like a novice so I wanted to point out the "other approach" to him. [ QUOTE ] 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. [/ QUOTE ] He has said he studied them early in his career and found them useless. |
#8
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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. |
#9
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Re: Recommend me a Technical Analysis book
[ QUOTE ]
[ 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. [/ QUOTE ] My returns say otherwise I'm not holding positions above IV, nor am I selling at well below IV. I've been doing this long enough to know I have no insight into price patterns. |
#10
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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. |
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