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Strategies & Market Trends : Analysis Class for Beginners

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To: Investor2 who wrote (857)	6/10/1998 6:16:00 PM
From: Trader X	of 1471

Hey I2, good to see ya here in the TA dungeon! Watch out for the whips and chains, nothing to be scared of there. Good books? For the beginning enthusiast, I always rec the bible of modern TA, "Technical analysis of Stock Trends" by Edwards and McGee. In it's 7th or 8th edition by now, I believe. Cannot go wrong. I also recommend a good study guide on Japanese Candles. I personally like "Candlestick Charting Explained" by Morris. Candles are great for identifying trend reversals. I have grave doubts regarding E-wave. I do think it's based on some excellent thinking, theoretically. But the method produces far too many of it's share of false readings and alarms. The E-wavers have been calling a major market top since 1992 -- oops! Missed an entire bull market covering 5 years! Oh well. trader x

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