Technical Analysis of Stock Trends, Tenth Edition

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Features

  • Describes how edwards-magee.com exited and shortened the market in January 2008 and went long in the gold market in 2003
  • Presents a powerful and simple system to replace Dow Theory
  • Contains new patterns and methods, integrates new charts, as well as offers expanded material on Magee's Basing Points Procedure
  • Expands coverage of pragmatic portfolio theory as a viable alternative to modern portfolio theory

Summary

Sixty-three years. Sixty-three years and Technical Analysis of Stock Trends still towers over the discipline of technical analysis like a mighty redwood. Originally published in 1948 and now in its Tenth Edition, this book remains the original and most important work on this topic. The book contains more than dry chart patterns, it passes down accumulated experience and wisdom from Dow to Schabacker, to Edwards, and to Magee, and has been modernized by W.H.C. Bassetti.

Bassetti, a client, friend, and student of John Magee, one of the original authors, has converted the material on the craft of manual charting with TEKNIPLAT chart paper to modern computer software methods. In actuality, none of Magee’s concepts have proven invalid and some of his work predated modern concepts such as beta and volatility. In addition, Magee described a trend-following procedure that is so simple and so elegant that Bassetti has adapted it to enable the general investor to use it to replace the cranky Dow Theory. This procedure, called the Basing Points procedure, is extensively described in the new Tenth Edition along with new material on powerful moving average systems and Leverage Space Portfolio Model generously contributed by the formidable analyst, Ralph Vince., author of Handbook of Portfolio Mathematics.

See what’s new in the Tenth Edition:

  • Chapters on replacing Dow Theory
  • Update of Dow Theory Record
  • Deletion of extraneous material on manual charting
  • New chapters on Stops and Basing Points
  • New material on moving average systems
  • New material on Ralph Vince’s Leverage Space Portfolio Model

So much has changed since the first edition, yet so much has remained the same. Everyone wants to know how to play the game. The foundational work of the discipline of technical analysis, this book gives you more than a technical formula for trading and investing, it gives you the knowledge and wisdom to craft long-term success.

Table of Contents

TECHNICAL THEORY
The Technical Approach to Trading and Investing Charts
The Dow Theory
The Dow Theory in Practice
The Dow Theory’s Defects
The Dow Theory in the 20th and 21st Centuries
Important Reversal Patterns
Important Reversal Patterns–Continued
Important Reversal Patterns–The Triangles
Important Reversal Patterns–Continued
Other Reversal Phenomena
Short-Term Phenomena of Potential Importance
Consolidation Formations
Gaps
Support and Resistance
Trendlines and Channels
Major Trendlines
Trading the Averages in the 21st Century
Technical Analysis of Commodity Charts
Technical Analysis of Commodity Charts, Part 2
A Summary and Some Concluding Comments
Technical Analysis and Technology in the 21st Century: The Computer   
    and the Internet, Tools of the Investment/ Information Revolution
Advancements in Investment Technology
TRADING TACTICS MIDWORD
The Tactical Problem
Strategy and Tactics for the Long-Term Investor
The All-Important Details
The Kind of Stocks We Want–The Speculator’s Viewpoint
The Kind of Stocks We Want–The Long-Term Investor’s Viewpoint
Selection of Stocks to Chart
Selection of Stocks to Chart–Continued
Choosing and Managing High-Risk Stocks: Tulip Stocks, Internet
    Sector, and Speculative Frenzies
The Probable Moves of Your Stocks
Two Touchy Questions
Round Lots or Odd Lots?
Stop Orders
What Is a Bottom–What’s Is a Top?
Trendlines in Action
Use of Support and Resistance
Not All in One Basket
Measuring Implications in Technical Chart Patterns
Tactical Review of Chart Action
A Quick Summation of Tactical Methods
Effect of Technical Trading on Market Action
Automated Trendline: The Moving Average
“The Same Old Patterns”
Balanced and Diversified
Trial and Error
How Much Capital to Use in Trading
Application of Capital in Practice
Portfolio Risk Management
Stick to Your Guns
APPENDICES
GLOSSARY
BIBLIOGRAPHY
INDEX

Author Bio(s)

Editorial Reviews

"The 9th edition also contains some ‘jewels’ developed from Magee’s work, Basing Point analysis and risk management, as well as additional material demonstrating the power of chart analysis in commodity trading. … I am pleased to recommend this edition to new readers and old readers alike."
—John Murphy, author of Technical Analysis of the Financial Markets and Intermarket Analysis

"With a focus on pragmatic portfolio theory, editor Charles Bassetti significantly contributes to the technical analysis body of knowledge especially related to tactics, and has created a book worth a space on every technician’s bookshelf."
—Mike Carr, CMT in Technically Speaking, Market Technician’s Association

"... teaches us how to profit from chart patterns regardless of what the market is doing. This classic book on chart patterns is a must for the savvy trader."—David Robinson, The Bull and Bear Financial Report

"Whatever you might think of technical analysis in general, and charting in particular, this book is the classic work on the subject."
—Mark Hulbert, The Hulbert Financial Digest

"Completely updated with the latest information, this universally acclaimed investors' classic is the definitive reference on analyzing trends in stock performance through technical analysis."
—Yale Hirsch, Stock Traders Almanac, The Hirsch Organization, Inc.

"This book is a classic--the standard of excellence against which everything in technical analysis is measured. I am delighted to know that another generation of investors will be able to learn from this wonderful book."
—Ralph Acampora, Prudential Securities

"The #1 all-time classic on analysis of bar charts. Many knowledgeable technicians consider this to be the best book on chart patterns ever written!"
—Edward Dobson, Traders Press, Inc.