Charting the Stock Market: The Wyckoff Method

by Jack K. Hutson

Charting The Stock The Wyckoff Method, takes a modern look at a seminal way to use technical the Wyckoff method. Charting The Stock Market presents and explains how to use the Wyckoff method for investing and trading in stocks, bonds, and commodities. This method was first documented by Richard D. Wyckoff (a trader and market forecaster who started in the business in 1888 as a 15-year-old stock runner) and published in the 1930s. Charting The Stock Market applies these classic and time-honored principles to today's market.  Back to the The Wyckoff method principally uses price charting and volume studies as a means of  analyzing and forecasting the stock market. It incorporates a common-sense approach to trading that emphasizes study, practice and risk limitation. It also takes into account investor psychology and provides insight into how and why professional traders buy and sell issues. Charting The Stock Market takes the reader step by step through the Wyckoff first, the basic principles; second, examples of the method applied to the bond market; and third, an outline of steps to put the method to use. Details of the Wyckoff method covered in this book     * point and figure charting  * trends  * price and volume studies on vertical charts  * stop orders  * forecasting  * wave charts & intraday  * group stock behavior  * stock selection criteria, and much more ...

204 pages, Paperback

First published October 1, 1991

Reviews

[David · Rating 4 out of 5]

Very good explanation of the Wyckoff Method.

[Joseph · Rating 3 out of 5]

this book is broken down into 3 parts, written by 3 different authors based on Wyckoff method

Part 1
(1) 3 tools - line chart, point and figure chart and wave chart
(2) market manipulation campaigns - selling/ buying climax etc

Part 2 - similar concepts on bonds and futures
Part 3 - some trading steps and buying/selling tests

i have actually expected MORE from the book even though the basic concept is there. the method is hard to put into practice unless one is guided

recommend as casual read + increase stock trading knowledge

[Yangan67]

strat

[Bidhan · Rating 4 out of 5]

Part I is the collection of the best trading advice, first explained in detail and then turned into a nice checklist (if you take out the specifics of the Wyckoff Method). The author focuses on how the Wyckoff method is not a rule set in stone but a general guideline on how to follow the trend of the market rather than going against it. This is purely a Technical Analysis book though so don't expect any value investment advice. Part I of this book is definitely a good read before you jump into Technical Analysis of the financial markets by Murphy given how it delves into market trends and as such in more detail and easy to digest manner all the while focusing on the basic theory of supply and demand.

Part II and III were very forgettable; part II more so than Part III. But luckily the parts are short and part II could use an update.

"Don't admonish losses or lost opportunities"