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Alfred, Professor Andrew Lo of MIT has several papers and books published on the question of whether technical analysis has merit. His conclusion is that, yes, the markets are NOT random and they do trend. That is proof that TA can work. Like most disciplines, it depends on who is doing the work. Lindsay was an amazing analyst. His work does not lend itself to a 'quick read' as he was a lot of things, but a writer he was not. With Lindsay, you are a serious student or you really have no clue as to what he was doing. There is no in-between. I am currently working on a book about his work which started out as a simple re-write of the newsletters that a previous poster mentioned; An attempt to make those writings more accessible. As people have made other, old newsletters available to me, the picture is becoming clearer. There was so much more to his work than what is available in those 4 newsletters. At the time of his death, he was working on a followup to TheOtherHistory. My sense, from his personal correspondence, is that he realized the book wasn't "getting through" and he needed to present something to the public which was more accessible. I've been able to find a few chapters of that manuscript but not everything that I think he finished prior to his death. If anyone has any leads on that, please contact me through my website. Finally, as hard as it may be for some to believe, not everyone is motivated by the almighty Dollar. Due to the SEC he was limited to publishing recommendations or trade for himself - but not both. To do otherwise is considered "front running" Ed Carlson