Technical analysis is a hot topic for investors right now and offers powerful, objective tools for picking stocks and making money--but most explanations of the subject simply confuse investors instead of enlightening them. In this clear, practical book, Barron's columnist Michael Kahn introduces technical analysis in simple English. Kahn explains exactly how technical analysis works, then teaches you how to read charts and translate what they tell you into real buy and sell decisions. The fully updated Second Edition contains many new examples reflecting major market changes since the First 9/11, equities bear markets, commodities bull markets, changing interest rates, and more. Step by step, Kahn illuminates the basic theory of technical analysis, demystifies its jargon, outlines its core techniques, and shows how to use it to complement (not replace) the reader's current approach to stock selection. He explains trendlines, chart patterns, and corrections; reveals what makes a stock look promising; and helps to assess potential risk and reward.
Very good insight into charting and technical analysis. However, for a novice, it would be a tough read. Not that these are difficult concepts, but having the correct yardstick to assess what is being stated in the book is very helpful. Nearly every book on charting tries to give a "How to" to trading, but it simply is NOT that easy.
This has been a very interesting primer into Technical Analysis. Only gleaning the surface I am excited to learn more as I slowly dip my toes into the water of investing my money in order to make money with ... money.
This books is an excellent review of key technical concepts for trading stocks. Kahn covers the basics of technical analysis, how to actually use these tools, and concepts necessary for trading as risk-management. The content of the book gives the impression Kahn is very experienced and a savvy trader. Excellent credentials having written for Barron's.
Less technical; more superficial. I was using this as the primary source for a paper I had to write on RSI and Stochastics and, frankly, needed to find a bunch of secondary sources because this book was repetitive and lacked detail. A broad "plain & simple" overview shouldn't take 300 pages.