For novices interested in technical analysis, there is so much material here it might seem overwhelming.But believe me, the effort at exploration is worth it.I've been successfully applying Appel's work since 1984, and this all-encompassing treatise was like looking over his shoulder, soaking in his 30 years of wisdom on the markets.I was especially interested in the section on the relative strength comparing the performance of the NYSE to the NASDAQ.This area of the book alone is worth the price of admission.
Professionals in the field are likely to be familiar with most concepts in the book. But over the years, I've found many misapply the use of MACD, an excellent indicator Appel invented which has become a staple in technical analysis.All would be advised to read how Appel uses his own invention.
There's something for everyone in this book, novice and professional alike.Few have contributed more to technical studies and money management than Gerald Appel.Don't just put this on your bookshelf--read it, use it and learn from it.It will make you a better investor and trader.
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