Trade Chart Patterns Like the Pros: Specific Trading Techniques

by Suri Duddella

Specific Trading Techniques.

276 pages, Paperback

First published January 1, 2008

Reviews

[Liquidlasagna · Rating 3 out of 5]

I loathe most aspects of the cult of technical analysis

but if you're interest the more useful patterns
it's interesting when you want to look at this form of voodoo that gets things right 54% of the time

studying a chart to actual events and the reasons for the chart is one thing

but thinking patterns rule over profitability
growth
and especially valuation

since some stocks that go up
are healthy at at those higher prices

but many that go up
are overvalued
till things get toxic
and the PSR (Price to Sales Ratio)

will show you a stock that will eventually flame out sooner or later
and crash and burn

//////

but I think irrational investors
dog piling into a company
which is in a state of dog crap
going all out China syndrome
is something they can't predict very much

and the same for irrational fears
and good (and lousy) stocks tank

Some stocks are very volatile
I think that makes for some interesting complexities

///////

I just think that a solid valuation says so much more

If the stock is overvalued
it drops eventually to the fair value

if a stock is undervalued
it rises sooner or later to the fair value

[John Evans · Rating 4 out of 5]

A good book for a beginner. It identifies all sorts of patterns and gives examples of them showing the pattern over the chart.
A very useful book to have one the shelf if you're new to reading or think you could do with a little backup from time to time

[Christian]

amazing book!!!

[David · Rating 3 out of 5]

Nothing all that new contained within as most of the patters are from other traders. He does a good job of copying others.