This book will help you to understand the stock market the easy way. The information will be a startling revelation to most readers. Newspapers, magazines, and television newscasters always appear to give authoritative statements on the latest stockmarket move, however you can never be told the real truth.
Most traders give little or no attention to how the stock market actually works because they believe that they already know how it works. The stock market is simple: it works on supply and demand like any other free market place; if there is more buying than selling then the market must go up, and conversely, if there is more selling than buying it must go down. In principle this is correct, but in practice it does not always work exactly the way it sounds.
This book not only explains why moves occur, but also how to recognise the underlying forces at work in the stock market. It shows you how to select individual stocks with limited information. Fundamental analysis, P/E ratios, advice from your broker, buy or sell recommendations from newspapers and magazines - these are the traditional ways of picking stocks, but there is a far better way to pick the right stocks while leaving the poor ones alone.
This book is the result of Tom Williams' 12 years trading in California combined with what Wyckoff had to say about volume. Readers should benefit immensely from the new and creative computer and non-computerised market timing indicators and thinking that Tom opens up.