| The New Science of Technical Analysis | 
enlarge | Author: Thomas R. Demark Publisher: Wiley Category: Book
List Price: $60.00 Buy Used: $22.00 You Save: $38.00 (63%)
New (19) Used (22) Collectible (2) from $22.00
Avg. Customer Rating: 35 reviews Sales Rank: 409552
Media: Paperback Edition: 1 Number Of Items: 1 Pages: 247 Shipping Weight (lbs): 0.8 Dimensions (in): 9.7 x 7.2 x 0.8
ISBN: 0471035483 Dewey Decimal Number: 332.6 EAN: 9780471035480 ASIN: 0471035483
Publication Date: September 21, 1994 Availability: Usually ships in 1-2 business days
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Product Description From the Foreword by John J. Murphy "DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the `new science' of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn't have come at a better time." John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC "This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics." Courtney Smith President and CIO Pinnacle Capital Management, Inc. "Those who know him and his work call him the consummate techniciana trading system developer without peer." Futures magazine "DeMark is the ultimate indicator and systems guy. No one touches him. I know the Holy Grail of trading systems doesn't exist because if it did, Tom would have found it by now." James Bianco Director of Arbor Trading "Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup." Ralph Vince author of The Mathematics of Money Management
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| Customer Reviews: Read 30 more reviews...
Only for those of you who can pay for the indicators December 4, 2008 FIRST problem: DeMark's indicators are very expensive to subscribe to and they are only availabe in professional software (not esignal or tradestation). This reduces the value of the book for most readers. Nobody is going to hand-calculate indicators.
SECOND problem: The writing in the book is quite opaque so a lot of time and energy is needed to understand the ideas. DeMark is clearly a creative analyst, but I am somewhat sceptical since he has his own indicators for everything. Is it really necessary to reinvent everything? I would have liked DeMark to explain this more clearly.
Perl's "DeMark Indicators" is a clearer book. That fixes the second problem, but not the first problem.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
Explained by the Expert August 29, 2008 Many talk about mr. DeMark. I'd found soo many versions of his work that I could not make up anymore what is actually original. Thats why I bought his book. Compared to other books, some simpler explanation is done (but not too simple), which means a little more paper to explain the issues, which I like very much. This brings me into the power to skip the things I already understand and continue on my own level. The material is basic and at the same time advanced. Even for non mathematic fellow traders this book is very well readable. I thank mr DeMark for sharing his knowledge.
technical perspective from 4th dimension October 23, 2007 If you want to learn Tom Demark school of technical analysis, this book should be the first step. Learn what's in this book before moving onto other books of Demark. This book will show you that there are indeed different way to look at the market technically. And most importantly, have an open mind. If you earnestly spend some quality time with this book, you will come out with some valuable insights.
good if you have mastered the basics October 26, 2006 2 out of 2 found this review helpful
good book if you have mastered the basics, if not then good luck my friend cause there is no methods that can really stand alone in this book. But this book will really help you if you have a good method but just want something to confirm buy signals . but i guess if you combine 2-3 methods in this book you might just be able to make it into a profitable method.
Worth it for chapter #1 March 14, 2006 10 out of 11 found this review helpful
TD suppy and demand lines. If I only knew before the rules for trendlines I would have save a lot of time and wasted effort. I can't comment on this book past chapter #1 as I've not gone any further. However, this book is worth the purchase many times over just for the proper explaination of trendlines. As this book was recommended to me for the first 2 chapters, I will also recomend it if only for the first. Before I could look at the same chart of a currency pair and "see" different trend lines. Oh, I think that is one. But now I will look at the same chart and see the same trendlines every time. This goes a long way to making trading a repeatable, measurable proccess... essential to success.
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