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Owen,
My original work with momentum oscillators (during the late 70's) seemed to
"magically" appear in Chick's book. Of all the books reviewed at my site, I
would have to say that it is the least useful of the bunch. That doesn't
mean that it can't help a trader/investor. I've strongly recommended
Edwards and Magee and Nison's Beyond Candlesticks in the past. I've had
comments from people that have purchased these gems (based on my
recommendation) that were very negative. "This Edwards and Magee stuff was
written back in the forties and couldn't possibly apply to todays' markets."
or "These candlestick formations don't always work and they look funny
because I'm used to looking at bars." I've recreated Goslin's Intelligent
Oscillator (I think) and have renamed it the "Semi-Intelligent Oscillator"
(because I'm not sure if the formula is identical and I'm not sure it's
really smart). I feature it everyday at my site (see oats and wheat). It
is a "good" indicator and I feel it can be very helpful to traders. Ton
Maas was a real fan when he first bought Goslin's book (maybe he has changed
his opinion). It is written in a subjective, rambling style. I can
understand why everyone doesn't think it's #1 on the hit parade. My
suggestion is to start at the top of my list and work down. There's a
reason they are listed in the order presented.
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast/
----- Original Message -----
From: Owen Davies <owen@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, December 23, 1999 11:55 AM
Subject: Chick Goslin's boo, among other things (Was Re: bonds & the BB
Histo)
> Steve Karnish offered this link to reviews of his favorite books:
>
> >http://www.abbracadabra.com/cybercast/TPBSbooklist.htm
>
>
> To my surprise, one of Steve's recommendations was for Chick Goslin's
> "Intelligent Futures Trading." This surprised me because I had read
> two reader reviews at Amazon.com, both of which said, in essence,
> "This is a vacuous POS. Don't buy it!" So I went back to Amazon.com
> to see whether there were any more recent reviews that took Steve's
> side of things. (Not that I really need one; Steve's recommendation is
> enough to get me interested all by itself.) And, in fact, there is now a
> review giving Goslin's book five stars. The write-up itself sounds more
> like 3.5 stars, maybe 4, but in any case it was positive. However, the
> two original reviews have disappeared!
>
> I don't like this. I don't like it at all. In my view, it comes
extremely
> close to fraud. I have bought quite a few books from Amazon.com,
> but I'll think long and hard before doing so again.
>
> For whatever it's worth.
>
> Mandatory trading content: If anyone else has thoughts about
> Goslin's book and trading methods, I'd be interested.
>
> Owen Davies
>
>
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