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Profitable Patterns for Stock Trading
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Author: Larry Pesavento
List Price: $49.00
Our Price: Click to see the latest and low price
ISBN: 0934380473
Publisher: Traders Pr (January, 1999)
Edition: Hardcover
Sales Rank: 344,484
Average Customer Rating: 3 out of 5
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Customer ReviewsRating: 2 out of 5
reminds me of a children's book
Huge pages, skinny book with lots and lots of pictures (charts). Basically the book identifies Gartley and Butterfly patterns with a touch of basic fibonacci rules. Over 2/3 of the book consists of full page charts of examples. My advice if you're unfamiliar with these patterns is to go to longorshort. c o m and read about it for free. Larry has some examples on his own page. There are numerous typos that will make you scratch your head about the editors. That said, these patterns can be quite reliable if you open your eyes to them and that information alone is worth learning about ...
Rating: 4 out of 5
Profitable Patterns for Stock Trading by Larry Pessavento
Larry has a good grasp of an excellent concept in patterns that go beyond the old standard wedges, triangles, head and shoulders type formations. The book would be better if the math he used were correct. Many of the examples have math or geometry errors, confusing the reader. Once you are past that and "do your own homework" as he challenges the reader to do, you will see stocks in a whole different light. Some of the patterns he refers to have a mirror image which can appear as well, even though he does not allude to it. The book is a tad pricey, too.
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