Technician's Guide to Day and Swing Trading [With CD-ROM]

This book is an excellent introductory guide to technical analysis. It's surprisingly easy to read and interesting considering the subject matter could easily be made dry and boring. I read it over the weekened. I enjoyed the CD which comes with the book and includes movies and presentations. I read one review that said this information was all available on the Internet. Well that may true, but I would rather not waste my time searching through hundreds of websites trying to educate myself on this subject (Reminds me of the Microsoft Bing commercials). Plus Martin Pring has been recognized as one of the experts in this area. I found the book to be very focused, and in a short period of time I was able to concentrate on the subject of technical analysis and get a great framework to help me make better timing decisions when looking at charts. I am using this information with my trading decisions, and it's been very useful. I would also recommend looking at the Chicago Board of Trade's website under education and watching Jeff Quinto's 3 clips on market theory, and putting a trading plan together.

Over the years, his name has become synonymous with technical analysis, and this book is not a disappointment. I put Mr. Pring up there in the same category as Larry Connors ("How Markets Really Work") and William O'Neil ("How to Make Money in Stocks").

The "Technician's Guide To Day & Swing Trading" by Martin J. Pring has a great CD presentation. The CD presentation covers the same information in the book chapter by chapter. I found the CD presentation much easier to understand than reading the book. The book combines technical indicators with tips for day and swing trading under different market conditions. Overall, I would highly recommend this combination book and CD to anyone that wants to make money in the stock market. From my own experience, the material sets reasonable expectations and does not make false claims on making easy money in the stock market over a sustained period of time.

Whatever one thinks of technical analysis, even a died-in-the-wool fundamental and value investor trembles at the thought of going against the famous "head-and-shoulders" pattern. This book will give you an excellent background in the basics without overwhelming you with a lot of technical detail. The book discusses everything from moving averages and Bollinger Bands to oscillators such as relative strength, MACD (moving average convergence-divergence), ROC (rate of change), the parabolic indicator, and Pring's own proprietary KST indicator, and so on. Also, the included CD contains a four-hour video presentation on the most important topics. Pring says in the introduction that, in contrast to most CDs in books, which are throw-aways, the CD is actually the most important thing and the book is the "throw-away." In any case, there is a lot of value and information here between the book and the CD and overall this is a fine book to get you to the next level in terms of your trading expertise.