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I can't elaborate short of writing a book which I don't have time to do. There
is excellent material already out there on price and volume analysis beginning
with the classic tome "Technical Analysis of Stock Trends" (now in 6th edition)
by Edwards and McGee. The reason most traders don't bother with this stuff is
that it's so much easier to throw a bunch of indicators on a chart and let the
computer do the work. The problem is that a bunch of indicators is all measuring
the same thing while filtering out the real information.
Earl
-----Original Message-----
From: John Manasco <manasco@xxxxxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, August 27, 1998 11:12 AM
Subject: Re: Daytrading:Todd Mitchell
>Earl
>
>Could you elaborate on this statement. I don't trade futures and my
>stock system is pretty mechanical.
>
>John Manasco
>
>Earl Adamy wrote:
>>
>snip snip
>
>> If you want to day trade successfully, you need to learn to read the price
action.
>>
>> Earl
>>
>>
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