I Knew Ted Warren December 21, 2008 I live in the South Bay area of Los Angeles County. When I was about 18 my father read an article about Ted Warren in the local newspaper. Ted lived in Redondo Beach, CA. My father called him and went to his house to buy me a 1st Edition, First Printing that Ted Signed to me. I still have the book and copies of his newsletter I subscribed to at the time. I used to talk to him on the phone. I still use his long term technical approach, when I do I make money, when I stray I often don't. This timeless, no nonsense work, is the best book on the Stock Market ever written. His late 1974 newsletter is a classic with a list of bargain stocks that many turned out to be HUGE % winners. In late 2008, I think Ted would say "buy now" and hold for the long term !
The jury is still out September 22, 2008 0 out of 1 found this review helpful
Not fully through it yet. But it explains a lot. I'm wondering if our current market applies, but will continue to study and find out.
Seductive Nonsense September 6, 2008 2 out of 2 found this review helpful
I was an actual Ted Warren subscriber while he was still alive and then subscribed to a service that purchased Ted's method from his wife as I recall and carried on. I was young and naive at the time. What was so seductive about this method is that Ted illustrated the book with arithmetic charts (as has been mentioned by other reviewers) that made the base fluctuations totally disappear. To put it another way, if a stock dropped from 50 down to 2 in an arithmetic chart and stayed between say 2 and 4 for a few years--the long flat base, the chart would basically show a flat line during those years with the appearance of no volatility whatsoever. In reality, if you purchased the stock at 4 (inside the base) and it dropped to 2, you lost 50% of your money or the exact equivalent of buying that stock at 50 and watching it drop to 25. A log chart would have unmasked this deception but Ted never allowed them.
In addition, when a stock appeared to be basing for several years and then dropped under even that base, the stock (and it's miserable performance) would disappear from his record entirely. Only stocks that were still basing and ones that were increasing in price were maintained on the list. This is the definition of survivor bias.
As far as I know, Ted did not die a wealthy man and leave his wife a huge estate. Quite the opposite I believe. This method (much to my disappointment at the time) did not and does not work.
Probably Out Of Date! August 15, 2008 0 out of 1 found this review helpful
* I'm not much of a fan in stock market but I believe the theory given inside this book is out of date. * With the expensive price for this book, I think you should get a better book than this one.
some of you are lost February 16, 2008 2 out of 2 found this review helpful
wow some of the reviews are crazy. this book isn't about trendlines and triangles this book is about the psychology of the market and how to profit from it. no wonder some of you got nothing from it. this is the most enlightening book on stocks or futures i've ever read, the markets made sense after reading it.i've made plenty of money to pay for my copy thank you very much!
