commodities

This is an excellent book for beginners and intermediate traders. It explains TA in a deep but simple way. The real value of this book (for me) is that it explains what is happening, who is buying and who is selling during chart patterns. It also explains how to trade each pattern.

After reading this book i feel much more calm and confident about what is actually happening on the markets. I can now have my own ideas of market movements, despite news, newsletters and other bloated sources of information. This book will serve as a reference for years to come.

The section on chart patterns is deep and complete. It contains all needed informations, but keeping a focus on price action.

The section on indicators covers (well) the most common ones. I would have liked more indicators.

This is a solid book but it is not a 5 star book. Probably closer to 3 1/2 to 4 stars. Lots of stuff about pennants, flags, support lines, etc. The author does walk you through using the indicators which is very helpful. A lot of TA books describe and indicators and fail to tell you what to do with it. The sections on RSI and stochastics are also good.

I have been using some of the ideas with powerinvestor.com's software and been very pleased. Their web site uses simple to use sector models that have returned 30% a year since 1996.

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Bruce Kamich has written one of the best books on technical analysis that I've seen in a long time. Unlike most introductory books, it neither over simplifies, nor does it make it seem as if you need a PhD to learn how to use technical analysis. The book explains how and why technical patterns and indicators work in an entertaining way. On top of that, the examples of patterns in the book are not "text book". You actually get to see what these things might look like in the real world instead of the perfect picture you see in most books. This is invaluable. On top of that, the book is a bargain!