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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
Another idea, if you're interested in trading off of price action and
watching accumulation and distribution areas develop, is to learn to use
point and figure charting, which in itself is also an old but a very useful
tool. I think this entire area of so called old arts is a worthy topic to be
discussed by this list, as I believe that price action discounts everything.
-Sonny Sarkissin-
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