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Steve:
Why dont you write this book? It sounds like a good idea.
I can relate to your comments about Cooper's book. I feel the same way when
I read books of this tripe. Some years ago I read the 1st or 2nd edition
of a random walk down wall street. The technique seemed to lead to buy
high sell low. As Paul Fisher and Warren Buffett have written/said the
random walk idea is nonsense.
Lionel Issen
At 03:50 PM 2/10/98 CST, Steve Denk wrote:
>Someone commented about Jeff Cooper already selling 250,000 Hit & Run
>trading books. Yikes.
>
>I'd say it's a great idea, wonderful execution on his book, it has a
>nice cover, but has anyone plugged his formulas into metastock? I did.
>
>As a visual medium, metastock is great. When you look at the hit and run
>signals, I for one had to scratch my head. You call these tradeable
>signals? Frankly, pass me the dartboard again. Of coarse, in his
>defense, Mr. Cooper does filter his signals for momentum etc., but golly
>- give me a fast stochastic against a trend, a "rally with volume"
>indicator (MS6.5), and believe it or not, I'd say you've got a 500%
>improvement over his Hit and Run (or his latest-momentum) techniques.
>Toss in some smart money management, stop/limit order ability to buy
>above below current bar and voila, here's the makings of a new book -
>Hit & Run Improved! I wonder if it would sell 250,000 copies?
>
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