This great work by Richard W. Schabacker is a worthy addition to each and every
technical analyst's and trader's library. Schabacker's "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.
devised as a practical course for investors, it is as alive, vital and
instructional today as the day it was written.
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.
"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
"Today's technician has all the modern computer methods of interpreting price and buying trends. No matter how sophis-ticated they get, all technicians must get back to basics and there is no finer way of reviewing those time-honored tech-nical principles, rules and precepts than with Schabacker's Technical Analysis and Stock Market Profits." Ralph Acampora
"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
"Old, they say, is gold! This saying could not have been any truer than in the case of Richard Schabacker's masterpiece of a book. The jacket claims that the book is the real Bible of technical analysis. I feel the book more than lives up to that promise . . . guaranteed to help every serious trader / investor in the markets today. The book also covers various types of markets - commodities, bonds and intra-day and swing charts and will help all types of traders - short-term, intra-day, swing and long-term - alike." Vijay L. Bhambwani, CEO, bsplindia.com
Richard W. Schabacker
Richard W. Schabacker achieved his financial fame
in the 1920s and 1930s first as Financial Editor of Forbes and later as
editor of the Annalist, a weekend section of the New York Times.
During this time he also authored three books: Stock Market Theory and
Practice, 1930; Technical Analysis and Stock Market Profits, 1932;
and Stock Market Profits, 1934.
If any phrase describes Donald
Mack who has edited this classic work, it would be "a perpetual student
of the market." Students in high school or college eventually graduate. Not so
students of speculative markets. Their study and work is never finished,
especially when there is an enduring interest in technical analysis. The
editor's interest grew by leaps and bounds when in the late 1970s and the 1980s
he established in Los Angeles the only bookstore in the USA that dealt exclusively
in stock and commodity books; those that were in print at the time, and those
that were out of print. Many out-of-print books were also of varying degrees of
quality, but so many fascinating rare works of great creativity and marvelous
technical analytics and application came his way, that a life long appreciation
of their quality grew.
A little of the knowledge contained in these great market classics rubbed off on
the editor (actually, more than a little) and he trusts that it will also rub
off on the many market students of today and tomorrow as they too come in
contact with this superb technical analysis classic.