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This is a 2011 reprint of the influential 1958 fourth edition. It is a faithful facsimile of the original edition, not a reproduction created with Optical Recognition Software. In 1948, Robert D. Edwards and John Magee unveiled “Technical Analysis of Stock Trends,” a pioneering work in its field. The book exclusively delves into trend analysis and chart patterns, and its relevance persists to this day. It should be noted that early technical analysis was heavily reliant on chart analysis, given the limited processing capabilities of computers for statistical analysis.
“Technical Analysis” is a financial term that refers to a security analysis discipline that forecasts price direction by studying past market data, primarily price and volume. It’s a key element in behavioral economics and quantitative analysis. As a facet of active management, it offers a different perspective to the prevailing norms of modern portfolio theory.