0 out of 2 people found the following review helpful:
For a beginner or experienced traderThursday, May 05, 2005
For a beginner or experienced treader,you can learn from this book.Don't under estimate this book it has great advice to add to your knowledge base.Its to the point.If you don't understand it the first time read it again.This is the first book you need to read.
2 out of 2 people found the following review helpful:
Comprehensive Yet ConciseMonday, April 18, 2005
Ms Rockefeller has accomplished a difficult task. Take a broad topic and cover it in a comprehensive and concise manner. The author is a true professional and it shines through out her book from cover to cover. I have a small library of books on technical analysis. However, this is one book I pick up to re-read again and again. She gives a sense of realistic expectations one can rely upon technical analysis for and how to integrate the discipline into one's trading plan. The pros and con's of each aspect of technical analysis is discussed and highlighted. The material flows logically in clear easy to understand manner. This is an indication of an author who truly understands and has practiced the craft and communicates it effectively. I whole heartedly recommend this book.
1 out of 2 people found the following review helpful:
Way better than expectedSunday, February 27, 2005
I was surprised with how informative this book really is. I was expecting to get a very broad overview of TA, but this book really has a lot of useful information that can help you make money in the markets. Well worth the money if you ask me.
5 out of 16 people found the following review helpful:
The funniest book I have read in yearsSaturday, November 20, 2004
I am new to "technical analysis". I wanted to see what the fuss was all about, and this books was very helpful towards that goal ... it is about numerology, astrology and palmistry. Not literally of course, but the feel is the same. There are two opposing schools of thought on the subject of market investing, the "efficient market" theorists, whose ranks include numerous Nobel Prize winners and university professors writing on the subject. They basically all say that while you can trade off risk versus potential return, etc. you can't "beat" the market and that "market timing" just plain doesn't work. The other school, "technical analysis", says that merely by analyzing price fluctuations over time, and nothing more, you can. Its advocates include various authors of books and software programs who have no other qualifications than the recommendations of other authors on technical analysis. To get a sense of how funny "Technical Analysis for Dummies" truly is, you need read no further than the section "Magic Numbers: 'The Secret of the Universe'" on how to determine when a market "dip" has occurred. Sometimes it is after a drop equal to the ratio of two Fibonacci numbers such as 62% or 38%, but then other times it might be 50%, or 25% or 12.5%. And of course even this shotgun scattering of numbers won't always work, because as the book itself says "even in the absence of the occasional historic event like 1929, in regular trading even the best indicator fails to work all the time. In fact, some of the best indicators work less than 50% of the time, and that's when conditions are normal! Critics use this awful statistic to say that technical analysis is a waste of time.". Say what?? For a great laugh, I cannot recommend this book strongly enough.
4 out of 4 people found the following review helpful:
Pickup truckFriday, September 03, 2004
This book is like a Ford pickup truck. It is functional. No extras. If that is what you are looking for then great. I would have prefered some strategies.