Rob, here's the post on ta books:
To: Steve in FL (4545 )
From: Arnie Doolittle
Monday, Feb 9 1998 12:20PM EST
Reply # of 5063
OFF TOPIC
"If you had to select two or three of the best from the 50 or so books you have on TA, which would they be?"
1. Timing the Market by Weiss Research for a summary of technical analysis.
2. Technical Analysis of Stock Trends by Edwards & Magee for the graduate school detailed course in chart patterns and the underlying reasons why ta works.
3. Trading For a Living by Dr. Alexander Elder for some detailed info on practical ways to use technical analysis, including trend following indicators, oscillators and moving averages. As a bonus he presents a super understanding of the psychology of markets.
4. Reminiscences of a Stock Operator by Edwin Lefevre. Although not a ta book, Lefevre has written a novel based on the life of Jesse Livermore, a famous speculator with a ta mind for markets, as well as a nose for manipulating markets. While written in 1923, the book is as practical as if it were written last week. I read it once a year.
5. In my opinion, you must use charting software if you're going to be successful using ta. I use Metastock and update my database of 2000 stocks daily.
6. I like to read biographies or interviews of successful market folks. Favorites include Market Wizards and The New Market Wizards by Schwager and the monthly interviews in Technical Analysis of Stocks and Commodities, a ta magazine. (I ignore the customized formulas and other assorted junk in TAS&C although they usually have interesting summaries of various technical indicators. Their practical application to my style, however, often escapes me.) Was it Plato or Socrates who said "Know thyself"? I like to know the competition too. Thus, I read bios.
Arnie |
