Stock Market Logic: A Sophisticated Approach to Profits on Wall Street

Just started reading and found the information on the Elliott Wave methodology to be incorrect. I’ve used the methodology and have made A LOT of money with no losses. The book says the Elliott Wave is not useful to market timing. The author thinks people are just imagining seeing the cycle. This couldn’t be farther from the truth. So, I’m going be questioning the remainder of the book. Stay tuned.

Those of you who have tried to tackle the area of market timing and TA should use this as the base book to understanding and APPLYING technical analysis. IT is not limited to TA in that it will present a comprehensive analysis of the major factors to look at in trading the markets. Start with this book if you are a beginner and if advanced -- buy it to reinforce or test your foundation. If you can understand the approach of this book and learn how to apply the a base set of concepts, you will improve your trading skill and profits.

If you ever had a question about almost any stock market indicator, measure or index, Mr. Fosback will provide an answer. Not only does he give you the definition of the item in question, he then will give you his opinion of its usefullness. Going one step further, he will many times also give you an improved version as well. Readers of his "Mutual Fund Forcaster" and other newsletters will find in-depth analysis of Mr. Fosback's favorite measures of market health. This book is like a short course in understanding the stockmarket. If you read it you will probably know more than most professors! Consider this the text book to Investing 201!