Technical Analysis and Stock Market Profits, is a worthy addition to any technical analyst's personal library or any market library. His pioneering research represents one of the finest works ever produced on technical analysis, and this book remains an example of the highest order of analytical quality and incisive trading wisdom. Originally devised as a practical course for investors, it is as alive, vital and instructional today as the day it was written. It paved the way for Robert Edwards and John Magee's best-selling Technical Analysis of Stock Trends - a debt which is ackwledged in their foreword: 'Part One is based in large part on the pioneer researches and writings of the late Richard Schabacker.' Schabacker presents technical analysis as a totally organized subject and comprehensively lays out the various important patterns, formations, trends, support and resistance areas, and associated supporting technical detail. He presents factors that can be confidently relied on, and gives equal attention to the blemishes and weaknesses that can upset the best of analytical forecasts.Factors which investors would do well to absorb and apply when undertaking the fascinating game of price, time and volume analysis.
Richard Schabacker achieved his financial fame in the 1920s and 1930s. First as Financial Editor of Forbes and later as Editor of The Annalist, a weekend section of the New York Times. During this time he also authored three books. To many in the markets, who know of him, he is known as the father of technical analysis .