Technical Analysis of Stock Trends
Technical Analysis of Stock Trends helps investors make smart, profitable trading decisions by providing proven long- and short-term stock trend analysis.
It gets right to the heart of effective technical trading concepts, explaining technical theory such as The Dow Theory, reversal patterns, consolidation formations, trends and channels, technical analysis of commodity charts, and advances in investment technology. It also includes a comprehensive guide to trading tactics from long and short goals, stock selection, charting, low and high risk, trend recognition tools, balancing and diversifying the stock portfolio, application of capital, and risk management.
This updated new edition includes patterns and modifiable charts that are tighter and more illustrative. Expanded material is also included on Pragmatic Portfolio Theory as a more elegant alternative to Modern Portfolio Theory; and a newer, simpler, and more powerful alternative to Dow Theory is presented.
This book is the perfect introduction, giving you the knowledge and wisdom to craft long-term success.
WHC Bassetti is the Editor and Coauthor of the classic reference, Technical Analysis of Stock Trends, 10th Edition, first written by Robert D. Edwards and John Magee in 1948. Mr. Bassetti traded as a student and client of John Magee in the 1960s, beginning a long, distinguished trading career encompassing virtually all of the financial markets, stocks, bonds, options and futures.
In 1972, as a Principal and Vice President of California’s first licensed commodity trading advisor he pioneered computerized trading systems and traded professionally for individual and institutional clients. His company was one of the first to manage capital for Merrill Lynch, Dean Witter et al and he and his partners created and managed some of the first commodity mutual funds.
In 1984 he was appointed CEO of Options Research Inc., a company founded by Blair Hull of Chicago’s Hull Trading Company, formerly the largest market maker on the floor of the CBOE. ORI was one of the first if not the first, companies to computerize the analysis of options and futures. Clients for analytical and portfolio services included Morgan Stanley, First Boston, and Kidder Peabody et al. Mr. Bassetti’s organization managed options arbitrage capital compiling a brilliant record during the market crash of 1987, and traded as a market maker with a seat on the Pacific Stock Exchange.
A graduate of Harvard University and a former NASA systems engineer, Mr. Bassetti is currently Distinguished Adjunct Professor of Finance and Economics at Golden Gate University, San Francisco, Editor of the John Magee Investment Series for St. Lucie Press and a practicing technical analyst.
In spite of his decades of work in computerized trading systems, Mr. Bassetti’s favorite analytical tool remains a ruler, a tool he teaches graduate students and the general public in his monthly 2-1/2 day seminars at Golden Gate University.