Rating  - Good book, bad binding
This book is great for all the reasons everyone else listed; however, my complaint is that I bought the book brand-new, and the binding is really cheap, so it's already falling apart after few uses. If you're paying more than $50 for a book, it ought to be made better!
Rating  - The definitive primer to a successful future in applying technical analysis
"Technical analysis of the Financial Markets" by John J. Murphy is an incredibly complete introduction to the world of technical analysis. From the outset, it is clear that Murphy has a predisposed bias towards the use of technical analysis (herein TA) leading to a successful and profitable career as a trader. However, it is also true that the author has a unique understanding of the subject, and moreover, is capable of sharing that with his readers in a very systematic and easy-to-understand manner. This is undoubtedly an excellent primer for someone looking to become proficient in TA.
I must say that I am solely concerned with trading the currency markets, and that prior to reading this book had but a novice understanding of how forex actually works. Everything Murphy discusses here is applicable to my area of interest, sans exception, whether that be directly or indirectly. I presume it is similar with other markets as well.
The concepts that Murphy addresses seem to be very traditional from a TA point of view. He does not present anything revolutionary, but in a sense, the fact that the book is so classic in its methods, yet contemporary in its application is revolutionary in itself. I believe he covers basically all basic-intermediate tools available, from support and resistance lines, to Wilder's RSI and Parabolic SAR, and candlestick analysis. I feel that if one was to read specific books on each of the major topics Murphy addresses than that would be adequate for them to apply TA confidently, and be able to profit consistently from the markets. The book as a standalone is not enough. Moreover, it does not discuss fundamental economic analysis of the markets, which I personally feel is important for attaining a gauge as to how the markets are performing long-term and what investor sentiment is like.
Regardless of all the critique I have mentioned, this book is incredibly well-written, and presented, and covers all the major ideas in technical analysis to a level that allows the reader to know what he is doing, when actually doing it.
Definitely 5 out 5 stars.
Rating - Nice book
Very nice book, contained a lot of useful knowledge, written in understandable for not expirienced person lanquage, not boring at all
Rating - Excellent reference for technical indicators
I wanted to understand technical market analysis techniques just over a year ago. As a computer programmer I was looking for a source that would explain all the various technical indicators out there. This book fits that need perfectly. I use this book constantly as a reference when developing programs to scan markets for entry and exit signals.
This is not a "get rich quick" on the stock market book. This is more an encyclopedia of technical analysis tools. There is a lot of talk about theory in this book and it may put off people looking for a simple way to start trading. Each tool is discussed in terms of how it functions in detail as well as it's the pros and cons.
For those who want to develop their own system of technical alerts this book will be a gold mine of information. Over the last 6 months I have come to better understand market indicators thanks to this book. If you serious about understanding technical market analysis you need to have this book.
Rating - learning to be a chartist
This is an excellent book for a non-professional online investor. It helps you orient yourself to market trends by explaining how to interpt technical charts and what the significant changes in tecnical charts means in predicting a single stock or general market trend. It is easy to understand for the non-technical investor. Was recommended to me by a stock broker and worth the cost of the text.
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