Charting the Stock Market: The Wyckoff Method

[Soultrader 12]

Charting The Stock Market: The Wyckoff Method, takes a modern look at a seminal way to use technical analysis: the Wyckoff method. Charting The Stock Market presents and explains how to use the Wyckoff method for investing and trading in stocks, bonds, and commodities. This method was first documented by Richard D. Wyckoff (a trader and market forecaster who started in the business in 1888 as a 15-year-old stock runner) and published in the 1930s. Charting The Stock Market applies these classic and time-honored principles to today's market.

Back to the basics: The Wyckoff method principally uses price charting and volume studies as a means of analyzing and forecasting the stock market. It incorporates a common-sense approach to trading that emphasizes study, practice and risk limitation. It also takes into account investor psychology and provides insight into how and why professional traders buy and sell issues. Charting The Stock Market takes the reader step by step through the Wyckoff method: first, the basic principles; second, examples of the method applied to the bond market; and third, an outline of steps to put the method to use. Details of the Wyckoff method covered in this book include: * point and figure charting * trends * price and volume studies on vertical charts * stop orders * forecasting * wave charts & intraday * group stock behavior * stock selection criteria, and much more ...

[Igor 10]

This is, in my opinion, one of the best technical analysis books out there.

The approach of Richard Wyckoff was developed in the beginning of the century and it still applies. He shows you, in great details, how through price, volume and trend lines you can identify what a stock is doing and what it is about to do. And he did all of it by hand!!!

The system is pure and, if combined with other indicators, moving averages, etc. can be powerful.

The book is full of technical information. It is condensed, not an easy read but worth every penny and it is one of the least expensive books out there.

I highly recommend it.