This great work by Richard W. Schabacker is a worthy addition to each and every technical analyst’s and trader’s library. Schabacker’s "pioneering research" represents one of the finest works ever produced on technical analysis, and this book remains an example of the highest order of analytical quality and incisive trading wisdom. Originally devised as a practical course for investors, it is as alive, vital and instructional today as the day it was written. Schabacker presents technical analysis as a totally organized subject and comprehensively lays out the various important patterns, formations, trends, support and resistance areas, and associated supporting technical detail. He presents factors that can be confidently relied on, and gives equal attention to the blemishes and weaknesses that can upset the best of analytical forecasts: factors which investors would do well to absorb and apply when undertaking the fascinating game of price, time and volume analysis.
ABOUT THE AUTHOR Richard W. Schabacker
Richard W. Schabacker achieved his financial fame in the 1920s and 1930s first as Financial Editor of Forbes and later as editor of the Annalist, a weekend section of the New York Times. During this time he also authored three books: Stock Market Theory and Practice, 1930; Technical Analysis and Stock Market Profits, 1932; and Stock Market Profits, 1934. If any phrase describes Donald Mack who has edited this classic work, it would be "a perpetual student of the market." Students in high school or college eventually graduate. Not so students of speculative markets. Their study and work is never finished, especially when there is an enduring interest in technical analysis. The editor's interest grew by leaps and bounds when in the late 1970s and the 1980s he established in Los Angeles the only bookstore in the USA that dealt exclusively in stock and commodity books; those that were in print at the time, and those that were out of print. Many out-of-print books were also of varying degrees of quality, but so many fascinating rare works of great creativity and marvelous technical analytics and application came his way, that a life long appreciation of their quality grew. A little of the knowledge contained in these great market classics rubbed off on the editor (actually, more than a little) and he trusts that it will also rub off on the many market students of today and tomorrow as they too come in contact with this superb technical analysis classic.
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