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At 14:54 03/05/99 -0500, you wrote:
>Dear Omega List,
>
>
>I just bought the Taylor Trading Technique this afternoon. I believe the
>book deals with a 3 day swing trading method. Now I have noticed a book
>named "LSS 3 Day Cycle Method".
>If someone on the list has both of these books can you tell me if they cover
>the same subject?
Pretty much. George Angell's LSS book builds upon Taylor's stuff and is
more readable and oriented towards today's markets. Just be aware that the
LSS book is heavily oriented towards S&P 500 daytrading (although the
concepts can be applied elsewhere).
>Should I buy both books for a better understanding of the
>three day cycle?
If this topic is your cup of tea, then I would get both.
> Is the LSS method a mechanical or discretionary method?
>
Both. No doubt, Angell would be happy to sell you a mechanical system for
several thousand dollars (I've seen the ads). On the other hand, if you're
just looking for interesting 'concepts' that can be applied in a
discretionary manner, it has the potential for that also.
Rgds
Simon.
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