Robert D. Edwards

History of Financial Advice Collection. Technical Analysis of Stock Trends is overtly positioned as the culmination and summation of a half-century of investigations of the technical factors affecting the buying and selling of corporate securities. Its authors are also clear in distinguishing between “some of the world’s most astute accountants, analysts, and researchers”—on whose shoulders Edwards and Magee are proud to stand—and what they describe as “a motley crew of eccentrics, mystics, and ‘hunch players.’” While William D. Gann and Ralph Nelson Elliott are, tellingly, nowhere mentioned in the book, the targeting of this jibe in their direction is clear. The canonical or textbook version of technical analysis that Edwards and Magee seek to enshrine over their book’s more than 400 pages is decidedly Dow-based and studiously excludes anything that might compromise the Dow Theory’s longstanding claim to scientific respectability. Edwards and Magee’s overt aim of writing the definitive work of technical analysis for their time was undoubtedly successful; indeed, Technical Analysis of Stock Trends has outlived its own period, continuing to appear in new, updated editions up to the present.… (mer)

History of Financial Advice Collection. Technical Analysis of Stock Trends is overtly positioned as the culmination and summation of a half-century of investigations of the technical factors affecting the buying and selling of corporate securities. Its authors are also clear in distinguishing between “some of the world’s most astute accountants, analysts, and researchers”—on whose shoulders Edwards and Magee are proud to stand—and what they describe as “a motley crew of eccentrics, mystics, and ‘hunch players.’” While William D. Gann and Ralph Nelson Elliott are, tellingly, nowhere mentioned in the book, the targeting of this jibe in their direction is clear. The canonical or textbook version of technical analysis that Edwards and Magee seek to enshrine over their book’s more than 400 pages is decidedly Dow-based and studiously excludes anything that might compromise the Dow Theory’s longstanding claim to scientific respectability. Edwards and Magee’s overt aim of writing the definitive work of technical analysis for their time was undoubtedly successful; indeed, Technical Analysis of Stock Trends has outlived its own period, continuing to appear in new, updated editions up to the present.… (mer)