Technical Analysis Stock Market Review 7/17/08

http://www.technicalanalysisbook.com When I received your new book, TA Using Multiple Timeframes, I read through it quickly. Now, the second time through, I'm taking notes. I'll probably read it again and highlight areas as I read it. Recognizing the four stages of a stocks "lifecycle" and what stage they are currently in is very helpful. Understanding why the market moves as it does, why there are support and resistance levels, what the psychology is behind some of the moves, etc. is very valuable. I've been actively trading for 5 years now and I could have saved a lot of time, trouble, and money if I had read this book a few years ago. I'm learning to hear "the message of the market", in the language of supply and demand, with the final arbiter being price. "Trade what you see, not what you think will happen". Realizing that corrections take place in two ways -- through price or time -- is another gem among many. I've enjoyed the illustrations too; they help drive the points home, e.g. the bouncing ball on p. 17. Great job!
Tom

Category:

Education

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• stocks
• trade
• invest
• business
• finance