Recommended Books on Technical Analysis

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sahil_ksa

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#21
#21
Re: query for traderji and other forum seniors......

sahil_ksa said:
From Which bookstore in Dehli can i get these two books?..........A prompt & positive response is very much anticipated...


1) Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
by John J. Murphy

2) Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points
by Martin J. Pring

Sahil
Click to expand...

Will anybody please reply.....?
 
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Agilent

Member
#24
#24
For a 'big picture' understanding of bull and bear markets, and of concepts behind Primary, Secondary and Minor trends, nothing I have read can beat Edwards & Magee (Tech Analysis of Stock Trends). In particular their analogy of the tides, waves and ripples in the sea. (I have a prized copy and will be happy to let Bangalore based members refer to it at my residence)

Sadly none of our so called tech experts e.g. on CNBC appear to display a good understanding of these trends (or even if they do, they dont talk enough about what trend we are currently in ... e.g. are we at present in the start of a bear market .. or are we witnessing a 'secondary' correction in an intact bull market? etc..or was Friday's slump merely a 'minor' blip, implying we are not even in a correction phase)

In my view, investors who misread the underlying trend miss out vitally on potential profits, even on fundamentaly excellent scrips.

Agree?
 
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vince

Active Member
#26
#26
Agilent said:
For a 'big picture' understanding of bull and bear markets, and of concepts behind Primary, Secondary and Minor trends, nothing I have read can beat Edwards & Magee (Tech Analysis of Stock Trends). In particular their analogy of the tides, waves and ripples in the sea. (I have a prized copy and will be happy to let Bangalore based members refer to it at my residence)

Sadly none of our so called tech experts e.g. on CNBC appear to display a good understanding of these trends (or even if they do, they dont talk enough about what trend we are currently in ... e.g. are we at present in the start of a bear market .. or are we witnessing a 'secondary' correction in an intact bull market? etc..or was Friday's slump merely a 'minor' blip, implying we are not even in a correction phase)

In my view, investors who misread the underlying trend miss out vitally on potential profits, even on fundamentaly excellent scrips.

Agree?
Click to expand...
Hi Agilent,

Since you have read the book ,kindly let us have your view on the current market scenario after applying the knowledge gained therefrom.

Regds,
Vince
 
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Agilent

Member
#27
#27
But obviously (and any novice can see that) the markets are getting more and more vulnerable. The Global Head of Research CLSA said in an interview on CNBC yesterday that 2006 will see more underachievement in Emerging Markets than we have seen in 2005. My hunch (based on current momentum of the market) therefore is that the bull market is likely to top out sometime in the second half of this year ... and I don't mean a secondary correction, but the onset of a bear trend !

(When sensex hit 9000 , a senior SEBI member exulted and predicted it will double in a year ! ... well I dont think that may happen , personally I feel a reversal may set in around 10K to 11 K levels)

Opinions anyone ?
 
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sanefellow_213

New Member
#29
#29
I have some of the above mentioned books, and they can cost anywhere between Rs 2000-5000 and moreover regarding the website firstandsecond.com I would only like to say.. buy from this site only if u have patience to wait for 2-3 months only coz these guys take hell lotta time to get the books delivered.. i'm not bashing them or nething of that sort they might be facing genuine problem in getting the books but the whole procedure takes lot of time..

so buy. accordingly..I would also like to mention .this do get your hands.. on technical analysis books by Edwards n Maggee.. this book is pure classic.. do read it.. its a bit costly though every rupee spent is worth for this book.. also do get ur hands on the Japanese candlestick approach by Steve nison.. this book .. combines.. western charting patterns.. with the candlestick approach..gives u very good insight.. into japanese trading methodology.
 
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aca_trader

Active Member
#30
#30
sanefellow_213 said:
on technical analysis books by Edwards n Maggee.. this book is pure classic.. do read it.. its a bit costly though every rupee spent is worth for this book.. .
Click to expand...
In India, one can get the abovementioned book from Vision Books @ rs. 495/- only.

Regards,
 
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