Let me just start by saying that the book Technical Analysis of the Financial Markets by John Murphy is an excellent book; truely a classic which I highly reccomend. However, I found the study guide to be a waste of my time. It is filled with a bunch of quizes which are vaguely worded and won't do you much if any good. I guess they can help you to see how well you comprehended the chapters, but it has no supplemental information or sumaries on important material. It's just a bunch of multiple choice and... more info
This is a stupid book about a non-sense theory:
This is a stupid and non-critical book about a non-sense theory. Since the theory is able to predict everything it is completely meaningless!
For example: When the price approaches a support- or resistance- line, it will either bounce back, or, -believe it or not- break through the line. The theory does not even tell which event is most likely!
The java-scripts on my web page ( www.ragnarius.com/en/hokus/index.shtml ) demonstrates that everything the book says about the stock market also applies to... more info
Waste of time:
John Murphy is a market technician with well deserved notoriety. The textbook, Technical Analysis of Financial Markets is excellent, the workbook is garbage. Poor questions, unclear statements and vaguely annotated charts muddle the text. The textbook covers 19 plus chapters, the workbook only goes to chapter 12. Disappointing.
Helpful but the questions may be too simple:
This book is helpful for the readers who read John Murphy's classic. But I feel the questions may be too simple. If you read the text then you can answer most of them. They are not very challanging.
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