Thou i consider it a 'reference' book,it is not something to refer to casually : the quantity and quality of pertinent information (in SPECIFIC chapters) is almost overwhelming - thou the authors use plain everyday language,it is so rich in content that it has to be savoured - repeatedly.
Chart sections beyond compare :
* Chapters 20,21,22 on a stock's 'habit/character/power' - absolute gems of insight.
* Chapters 6,7,8,12 on 'gaps','ascending/descending triangles' and 'head 'n shoulder' patterns.Where standard explanations of these pivotal formations finish,these guys are just warming up !
Favourite chapters (of mine) which i feel are of major benefit to anyone who sets foot in the stockmarket :
* TA philosophy and summary (chapters 1 and 17 respectively),plus the 7th edition preface(included in 8th edition) come to a grand total of around twelve pages - collectively,they sum up the merits of charting with such eloquence that no one could sensibly deny the benefits of PRAGMATIC chart observation.
* Chapter 3's concise version of Dow Theory is excellent,putting its relevance into perspective with added insight that explains the ways of the stock market extremely well.
* Chapter 13's discussion of support and resistance is superb : readers are given the ultimate tutorial,on what is arguably the most essential psycological concept to grasp.This (to me) is the NUCLEUS of the book - to call it outstandingly informative would be putting it much too mildly - if knowledge is power,this chapter is as strong as it gets !
By virtue of having written the book in simpler times,the authors had the (fortuitous) luxury/advantage of feeling no compulsion to curtail and dilute discussion of primary matters purely for the sake of giving space to complex and esoteric add-on tactics.Consequently,their UNIQUELY THOROUGH explanation of the UNCHANGING laws of supply and demand (as displayed in price 'n volume charts) in my view makes 'Technical Analysis of Stock Trends' the most INSTRUCTIVE and BENEFICIAL book in its field.