The Bible of Chart patterns! The best of it’s kind.
As the title says it all, it is a vast encyclopedia of various chart patterns analyses. The in-depth and uncompromising detail with which the author has written this book is definitely worth it. Just by the content, one can realize the painstaking effort Thomas N Bulkowski has put into it. It is presented and explained in a very methodical and comprehensive manner. The statistical research that has been conducted to derive conclusions are very exhaustive. People seeking entertainment and some quick fixes will have to look elsewhere as this is a heavy material and has to be digested page by page.
The beauty about this book is that each pattern has a snapshot and a section dedicated to the statistical possibility of the future. This includes the success rate/failure rate, the extent of success/failure, ideal holding time, best method to trade the pattern, and how it fares in bull/bear markets. This book is an invaluable resource for:
- Intermediate/Serious traders (Swing and Positional traders)
- Hedge Fund and portfolio managers
- Technical research analysts
- Stock trading advisors
- Libraries
- Those who like back-testing technical strategies will find it most useful as this is a ready-made model to work with. It could lay the basis for your own research work or at least enlighten you in some ways.