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Re: [RT] CV or On Balance Volume



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Bob:
 
Interesting and amazing trivia.  I read somewhere that 
his mom was a card reader in
a carnival.  I had both those books; and that was a long 
time ago.  IMHO....OBV can
be mostly relegated to the rubbish heap of broken 
indicators.  I take little risk in saying that;
for the statement probably applies to 95% (99%?) of the stuff 
that's out there.  About the
best discourse I've read as to why volume doesn't work like it 
used to was written by
the elder Wordon.  I think that little brochure is 
available to anyone who inquires about
TC2000 products.  I think they use volume as a useful 
tool mostly for individual stocks.  Anyway, Worden claims it is less 
reliable on indexes.  As for the Daily Strategy Book; I 
once tried to compile a consensus type strategy of what the 
market would do the next day using those ideas.  I never got anywhere with 
it.  Of course these opinions might well be
related to my lack of skills as to how to use this 
information.  Tons of stuff written about
volume tools but I concluded that none of them; used alone; 
are consistent enough to
be profitable; at least if you are interested in low drawdowns 
and high win percentages.
 
An interesting aside.  Would you let an ex-magician 
manage a portion of your money?
Believe it or not; there is such an individual new to the 
money management scene.  Lends new meaning to the term:  "Now 
you see it; now you don't"....referring to your money 
of
course.<g>
 
Chas
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  BobR 
  
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Friday, February 01, 2002 10:34 
  PM
  Subject: Re: [RT] CV or On Balance 
  Volume
  
  It depends if you are a collector.  I have 
  two of Joe's books.  One from 1960 "A Strategy of Daily Stock market 
  Timing For Maximum Profit" and one from 1988 "Ths Stock Market Teacher".  
  Joe was quite a character in those days.  He was so good at market timing 
  people thought he was godlike.  He even walked on water at one 
  seminar.  He had a thick piece of plexiglass secretly placed just below 
  the surface of the swimingpool water.  
   
  bobr
   
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Eliot Kaplan 
    To: <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
    Sent: Friday, February 01, 2002 8:20 
    PM
    Subject: Re: [RT] CV or On Balance 
    Volume
    Bryant,Again thanks!I had found the Amazon 
    used one earlier today, and am contemplating the purchase.Have you 
    read it? Is it worth $125. Used doesn't matter to me, if the book is worth 
    it.I know Clyde likes it and that is high praise.I am also 
    contemplating Don Cassidy's 'Trading on Volume". It looks good as well. 
    Available on Amazon, and a few other places.Let me know if you have 
    any thoughts on either one.And thanks for your search 
    efforts.Yes, I use Google 
    too!Eliot^^^^^^^^^^^^^^^^^^^^^^^^^^^^Eliot 
    Kaplanemail; eliot@xxxxxxxweb: www.isu.comvoice: 
310.455.3810
    From: "Bryant" 
      <bulldog483@xxxxxxxx>Reply-To: 
      realtraders@xxxxxxxxxxxxxxxDate: Fri, 1 Feb 2002 23:02:18 
      -0500To: <realtraders@xxxxxxxxxxxxxxx>Subject: 
      Re: [RT] CV or On Balance Volume
    http://store.traders.com/v123onvolbys.htmlhttp://www.amazon.com/exec/obidos/ASIN/0133634086/inktomi-bkasin-20/102-0771364-0082527just 
      need a good search engine ,I like google or mama.com
      ----- Original Message ----- From: Eliot Kaplan 
        <mailto:eliot@xxxxxxx>  To: 
        realtraders@xxxxxxxxxxxxxxx Sent: Friday, February 01, 2002 
        10:51 PMSubject: Re: [RT] CV or On Balance 
        VolumeThanks Ira. I looked there just now, but alas, it did not 
        come up.Have a great 
        weekend!Eliot^^^^^^^^^^^^^^^^^^^^^^^^^^^^Eliot 
        Kaplanemail; eliot@xxxxxxxweb: www.isu.com 
        <http://www.isu.com> voice: 310.455.3810
        From: Ira Tunik 
          <irat@xxxxxxxxx>Reply-To: 
          realtraders@xxxxxxxxxxxxxxxDate: Fri, 01 Feb 2002 
          18:08:49 -0800To: 
          realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] CV or On 
          Balance Volume
        try Ebay.  I have found some interesting books there 
          for far less then $125. Fred wrote: 
          Elliot; Amazon.com has one used copy listed this 
            evening for 125.00 fred Eliot Kaplan wrote: 
            A quick search doesn't find this title on a couple of 
              financial book store sites. Anyone know the location of, 
              or have a copy they want to part with? Thanks. 
              Eliot ^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
              From: Clyde Lee 
                <clydelee@xxxxxxxxxx> Organization: SYTECH 
                Corporation Reply-To: realtraders@xxxxxxxxxxxxxxx 
                Date: Fri, 01 Feb 2002 11:02:05 -0600 To: 
                realtraders@xxxxxxxxxxxxxxx Subject: Re: [RT] CV 
                or On Balance VolumeI know it 
                is "old hat" to some and others turn off at the name 
                but one of the 
                earliest and still best discussion of volume as it 
                effects trading 
                was: <FONT 
                face=Arial>Granville's New Key to Stock Market 
                Profits <FONT 
                face=Arial>Joseph E. Granville <FONT 
                size=2>Prentice-Hall 1963 (first 
                edition) - - - - - - - - - - - - - - - 
                - - - - - -  - - - - - - - Clyde Lee 
                  Chairman/CEO 
                        (Home of 
                SwingMachine) SYTECH Corporation 
                        email: 
                clydelee@xxxxxxxxxxxx 7910 Westglen, Suite 105 
                      Office:   (713) 
                783-9540 Houston,  TX  77063 
                             Fax: 
                   (713) 783-1092 Details at: 
                                    www.theswingmachine.com 
                <http://www.theswingmachine.com> - - - - - - - - - - - 
                - - - - - - - - -  - - - - - - - - 
                ----- Original Message ----- From: 
                  Eliot Kaplan <mailto:eliot@xxxxxxx> To: 
                  RealTraders Mail List 
                  <mailto:realtraders@xxxxxxxxxxxxxxx> Sent: 
                  Friday, February 01, 2002 10:54 AM Subject: [RT] CV 
                  or On Balance Volume Bob, Are 
                  these the same, or similar? Would you mind 
                  elaborating a bit on this? And do you have a 
                  suggestion about a book or site where I can learn more on 
                  volume in all its iterations? Thanks 
                  as always. Eliot 
                  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
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