An often entertaining if not always intelligible exercise in stock analysis--rooted, grounded, totally embedded in supply/demand factors (and therefore potentially hazardous to tyros). Fundamentals like corporate income statements and balance sheets, let alone the economic environment, have precious little effect on equity prices, Charell asserts. The core of the book is an extended appreciation of statistical indicators (e.g., the 200-day moving average of the Dow-Jones Industrials)--with charts that plot price and volume movements to show, presumably, the shape of things to come. But even those who know the Lingo are apt to run into trouble here: ""A horizontal move that violates the rising trendline may be ignored. Such a line may be a 'step' in which the stock is consolidating an upward move. . . . However, a downside breakout from such a line is a sell signal. Multiple bottom chart patterns need not be precisely symmetrical. This is especially true of the W formation. . . ."" Like many oracles, moreover, Charell has a tendency to be Delphic--warning against acting on false signals, for instance, without explaining how to tell false from true. His advocacy of loaded laggards, on the other hand, is easy to understand: ""There are many more stocks that go from $4 to $10 per share than from $80 to $200."" As for ""the coming bull market,"" Charell notes that since 1949 bear market bottoms have occurred about every 52 months; so the next upswing should start toward the end of the coming year. The hard-core technical market advisories are supplemented with other, congruent recommendations--on, for example, going short (i.e., selling borrowed stock in hopes of a price drop) and the use of call options. But the rewards of his counsel outweigh the risks of his by-the-numbers investment system only for the knowing--and choosy.