For fifty years, this universally acclaimed classic has remained the bible on technical stock analysis. Today, with over 850,000 copies sold, it's well on its way to becoming a million-copy seller.
The seventh edition explains every aspect of charting -- from basic principles to advanced trading techniques -- to help investors make money regardless of what the market is doing. Completely updated and revised, it features new charts and references, as well as chapters on derivatives options, and futures trading. Readers will discover:
** why they should buy back a stock-even at a higher price
** a simple way to generate "extra" profits when closing out a profitable position
** how to determine whether a certain formation is a signal to sell
** the relatively rare pattern that almost always signals the end of a long bull market-and much more!
What to buy, when to buy it, and when to sell it are the three basic questions facing every investor. For everyone looking to technical analysis for the answers, you'll find no better reference than this legendary investor's guide.
Robert D. Edwards advanced the original Dow Theory, developing a unified and cohesive presentation, including new and clearer styles of analyses of pattern formation, trends, and support-resistance levels. John Magee approached the stock market from an engineering point of view, building on the solid foundation laid down by Dow and Hamilton. An expert on both stock and commodity trading, he founded the well-known charting and advisory firm of John Magee Inc.
