The principles of market behavior and the characteristic behavior of market participants described herein are immutable, and will remain much the same as long as markets are allowed to fluctuate freely, and speculators are allowed free access to and participation in the marketplace. World's Greatest Stock Trader by Richard Smitten Jesse Livermore is considered by many of today s top Wall Street traders as the greatest trader who ever lived. Livermore broke new ground in trading the market. His timing techniques, money management systems, and high-momentum approach to trading in stocks and commodities was revolutionary, and remains valid today. Click here for more details and ordering Techniques of a Professional Commodity Chart Analyst by Arthur Sklarew Sklarew emhasizes throughout the book that the one word which best describes what chart analysis is all about is trend.
Most techniques described have as their purose the identification of trend direction.
Both are based solely on market action.