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The Time & Sales info is the modern day eqvt. of tape reading, the "tape" in
this case being the scrolling window. A short article on it can be found at:
http://www.hardrightedge.com/wheel/tctape.htm.
HTH.
Shashi
- ----- Original Message -----
From: "Wooglin" <wooglin.org@xxxxxxxxxxx>
To: <tech-traders@xxxxxxxxxxxxxxx>; "Quotes-Plus Yahoo"
<quotes-plus@xxxxxxxxxxxxxxx>; "List MetaStock"
<metastock@xxxxxxxxxxxxx>
Sent: Monday, May 28, 2001 9:33 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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