Technical Analysis and Stock Market Profits (Harriman Definitive Edition) - by Richard Schabacker

Book Synopsis

With a new foreword by Peter Brandt.

Richard W. Schabacker's great work, Technical Analysis and Stock Market Profits, is a worthy addition to any technical analyst's personal library or any market library. His "pioneering research" represents one of the finest works ever produced on technical analysis, and this book remains an example of the highest order of analytical quality and incisive trading wisdom.

Originally devised as a practical course for investors, it is as alive, vital and instructional today as the day it was written. It paved the way for Robert Edwards and John Magee's best-selling Technical Analysis of Stock Trends - a debt which is acknowledged in their foreword: 'Part One is based in large part on the pioneer researches and writings of the late Richard Schabacker.'

Schabacker presents technical analysis as a totally organized subject and comprehensively lays out the various important patterns, formations, trends, support and resistance areas, and associated supporting technical detail. He presents factors that can be confidently relied on, and gives equal attention to the blemishes and weaknesses that can upset the best of analytical forecasts: Factors which investors would do well to absorb and apply when undertaking the fascinating game of price, time and volume analysis.

Review Quotes

"If you think you know all there is to know about technical analysis as it pertains to charting and chart trading then you must read Technical Analysis and Stock Market Profits by Richard Schabacker. This original work by the founder of technical analysis will teach you many valuable things that you don't know."
- J. Welles Wilder

"Today's technician has all the modern computer methods of interpreting price and buying trends. No matter how sophisticated they get, all technicians must get back to basics and there is no finer way of reviewing those time-honored technical principles, rules and precepts than with the original version of Schabacker's Technical Analysis and Stock Market Profits."
- Ralph Acampora

"To be a successful trader, you need to understand markets deeper than your competitors. A good way to get started is to read this ground-breaking book - a major text on technical analysis that has already helped countless traders find their way to market profits while avoiding dangerous pitfalls."
- Dr Alexander Elder, author of Trading for a Living

About the Author

Considering the fact that Richard Schabacker died aged thirty-six, he left a remarkably strong mark on the investment world. Considered the grandfather of technical analysis, his writing forms the basis of contemporary thought on the subject.

During his lifetime he was granted prestigious editorial positions by the leading financial publications of the 1920s including that of Financial Editor of Forbes magazine.

In 1930 he published his first book on contemporary investmant practices, 'Stock Market Theory and Practice', which was followed in 1932 by 'Technical Analysis' and in 1934 by 'Stock Market Profits: A Course in Forecasting'.