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PureBytes Links
Trading Reference Links
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Try
Fraser Publishing Company. The company specializes in old investment
books.
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<A
href="http://www.fraserbooks.com";>www.fraserbooks.com
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Tape
Reading and Market Tactics by Humphrey Neill
<SPAN
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<SPAN
class=644331219-29052001>Studies in Tape Reading by "Rollo Tape" (penname
of Richard D Wyckoff)
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class=644331219-29052001>
<SPAN
class=644331219-29052001>Another book is The Art of Tape Reading TICKER
TECHNIQUE BY Orline D. Foster. The cover mentions Don Worden, Editor of
Tape Reading Studies and Herbert Liesner, Tape Analyst for Indicator Digest,
Inc. The book was published by Investors' Press, Inc. but I think they may
be out of business.
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You
might want to think twice about spending too much time on tape reading. A
lot of it had to do with the noise coming from the ticker. When the market
was busy, the machine almost hummed, and when it was quiet, it emitted almost no
sound at all. You knew when to pay attention and when you could
safely go to lunch. There was a rhythm to it. You are not going to
get a lot of sound from your PC when the prices change.
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Also,
the ticker told you how many shares traded on each successive trade. This
is an incredible amount of detail and you would have to be almost glued to the
machine to pickup the nuances of the market.
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All
that said, it would still be worth reading them. Any clues that make you a
better analyst and trader are worth the time spent.
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Hope
this helps.
<SPAN
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Chris
Langguth CMT
<SPAN
class=644331219-29052001>Technichris Corporation
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class=644331219-29052001>
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Lionel IssenSent: Monday, May 28, 2001 11:26
PMTo: metastock@xxxxxxxxxxxxxSubject: Re: Tape
Reading
Some of the books by or about Jesse Livermore may
have something. There were some publications in the past about buying on
increasing or high volume.
Try academic libraries and metropolitan library
systems.
Tape reading went out because it is easier to do
this with a computer.
Some of the Metastock functions like OBV may be
of help to you.
My own suggestion would be to set up a template
with one or two volume based indicators and one other price based indicator
and see how good the signals are. You can set up an exploration
that will select stocks that meet certain volume criteria and see how they
work.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:wooglin.org@xxxxxxxxxxx";
title=wooglin.org@xxxxxxxxxxx>Wooglin
To: <A
href="mailto:tech-traders@xxxxxxxxxxxxxxx";
title=tech-traders@xxxxxxxxxxxxxxx>tech-traders@xxxxxxxxxxxxxxx ; <A
href="mailto:quotes-plus@xxxxxxxxxxxxxxx";
title=quotes-plus@xxxxxxxxxxxxxxx>Quotes-Plus Yahoo ; <A
href="mailto:metastock@xxxxxxxxxxxxx"; title=metastock@xxxxxxxxxxxxx>List
MetaStock
Sent: Monday, May 28, 2001 8:33
PM
Subject: Tape Reading
I am looking for source material on the old
fashion art of tape reading. As I understand it, someone with a trained eye
and a good memory could watch the tape and see the accumulation (or
distribution) of a stock followed by a price change in that
direction.
I am looking not only for explanation of the
technique itself but also the trading tactics that go with it.
Thanks,
Jim Barone
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