Saturday, September 30, 2006

Begin with ‘basic concepts of technical analysis'

Book Value

Technical Analysis for the Rest of Us
Clifford Pistolese
Tata McGraw-Hill (www.tatamcgrawhill.com)

Why is technical analysis so popular?

Begin, therefore, with ‘basic concepts of technical analysis' using which you can distinguish ‘desirable, timely investments' from the rest. "It's not possible for you to know everything that affects the financial fortunes of a company. However, all that is known about a company's prospects is reflected in a stock price chart that summarises the results of all the transactions in its stock."

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1 comment:

Jesse said...

I have read Mr.Pistolese's works and wouldnt recommend it to those aspiring in Technical Analysis. He is just way too behind the curve.