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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: XoFruitCake who wrote (41996)4/15/2005 8:16:26 PM
From: chowder  Read Replies (1) of 206339
 
>>> for a novice what is a good introductory book or web sit for TA? <<<

Someone has already linked Stockcharts. I think this site is a priority for a beginner.

KB has already provided a nice list of books but some of them are too advanced for a beginner and I think one needs to start with the basics.

I would start with candlesticks. I can't imagine trading without those. There are a lot of candlestick patterns and I wouldn't try to learn them all. I would focus on the reversal candles and the rest can come later.

Here is a short list of books on moving averages, I own number 3, the simplified version. Moving averages are critical in the way I analyze the markets.

amazon.com

KB has already mentioned Weistein's book and he's correct. It's a must in any library. The reason why people lose money is because they don't understand what stage a stock is in and Weinstein clears that up.

amazon.com

And I wouldn't consider not learning how volume can affect stocks. I highly recommend Trading On Volume by Donald Cassidy.

amazon.com

There is your starter set. Don't read them like a novel. Study them like an encyclopedia. The markets will be giving you a test and grading your work.

Good luck,
dabum
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