Email of the day (2)
Comment of the Day

February 23 2011

Commentary by David Fuller

Email of the day (2)

On "literature on the subject of chart reading suitable for a novice":
"Thank you for an informative and interesting service, one that I am using to slowly haul myself out of an abyss of ignorance. I was hoping you could recommend literature on the subject of chart reading suitable for a novice."

David Fuller's view Thanks, and I love the self-deprecatory "abyss of ignorance" remark. I like to view life as a continuous learning curve, until we run out of time, so I commend you for your curiosity.

On the subject of chart books, I am not a fan as veteran subscribers know. I have often said that I had to unlearn much of what I had read on technical analysis early in my career, before I really began to understand this subject.

My biggest reservation about charting textbooks is that they are overly mechanistic and teach pattern identification. I have written about this from time to time, in response to similar questions, as you can see from this discussion in response to an email on TCS and textbooks.


I have long described the Fullermoney approach to technical analysis as factual and behavioural. You can find considerably more on this subject by searching the Archive under various key words and phrases such as - trending or ranging (17 listings found) - factual (82 listings) - behavioural technical (76 listings). Eoin is actually writing a book on this subject, which of course is discussed extensively at The Chart Seminar.

In earlier discussions over the years, some subscribers have mentioned books on technical analysis which they found useful. A search of our site under - books (184 listing) should include them along with a lot of other content. However you can sift through the entries fairly quickly by reading the accompanying sentence for each listing. You will also find plenty of books on technical analysis by searching Amazon, or the Bookshop listed one up from the bottom of the menu shown upper left.

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