Had to throw in my two cents worth about TA books.
"The Electronic Day Trader" was disappointing to me. Very poorly written and confusing for the neophyte, I thought.
"The New Science of Technical Analysis" also very obscure, arcane, and not at all useful for beginners.
The classic work on technical analysis is Edwards and Magee's "Technical Analysis of Stock Trends," originally published in 1948, but still the basis of most books about TA. Much of the book is a bit outdated, but the concepts are the basis of many modern books about technical analysis. If you read this book, you'll already know what's contained in many subsequent books about technical analysis.
This book covers the basics of support, resistance, gaps, and many other critical TA concepts. Plus, it is very well written. I think it's in its 7th edition, although if you pick up an earlier edition used somewhere I don't think you'll find much has changed.
Not a cheap book, but worth it, in my opinion.
Good luck all! |
