Suuccessful traders books

["c" <camacazi@xxxxxxxxxxx>]

Hi all

Intrigued by davids post below referencing Gary Smith ....who alledgedly
went to almost zero in his account back to zillions... i was thinking....
i should only read books by successful traders who are proven to be
successful traders....  so ....  who are these people?
Gary smith is alledgedly one?  any others?

Cheers
Cameron


-----Original Message-----
From: David Colin [mailto:davidcolin@xxxxxxxxx]
Sent: Sunday, February 22, 2004 5:30 PM
To: Omega-list@xxxxxxxxxx
Subject: Divergence tool


Here is a handy little tool a la Gary Smith that measures divergence in a
numerical rather than a visual fashion.  It compares the net change of the
DJIA over the last NDays with the Net cahnge of the Nasdaq or SP or
whatever over the last NDays.  It can help you tell which index will have
the stronger move because it converts data2 into equivalent Dow points.

Example, on the attached gif: at the yellow arrow, the 10 day net change of
the Dow was -164 points, but the NDX net change when converted to Dow
points was -1036 points.  In the coming weeks the Dow dropped 20% while the
NDX dropped 28%

David

PS please don't make fun of my code and sorry for the banners on the gif

User Function Net_Change:

Inputs: Price(NumericSeries);

Net_Change = Price - Price[1]


Indicator NDay Net Change:

{Compares the cumulative 10 day net change of the DJIA with that of any
other index of lesser numeric value.
Plot data1 as DJIA and data2 as NDX, SPX or Russell 2000}

Inputs: Price1(C data1), Price2(C data2), SumLen(10);

Plot1(Summation(Net_Change(Price1), SumLen));

Plot2((C data1/C data2) * Summation(Net_Change(Price2), SumLen));

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