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Strategies & Market Trends : Technical Analysis - Beginners

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To: Daskin who wrote (10207)	5/10/1999 12:22:00 AM
From: Richard Estes	Read Replies (5) of 12039

Most TA books are written for futures. Futures are slow , low percentage movers. While a stock might move 40% in a day, it would take many years for futures to do the same. The classic indicators and the classic settings do not work well. Edwards and magee should be read then send it to another newbie. It leads to many mistakes in the new TAer. He sees H&S, triangles, etc on every street corner. Elder has a few chapters on psychology that is good. There are much better places to get TA info or systems. Murphy has a good book with good overview. I have not seen his latest, I like the futures version. A good place for indicators and TA in general is TA from A to Z. Everyone should read William O'Neil's How to make money in the stock market. I think about 30 times since the beginning of this topic, which is a good book in itself, I have provided a list marked for beginners and advanced with my * rating system. I can't find a copy right now. After reading a heck of a lot of all of the TA books around, Chande while not for beginners is the most original and informative of the direction TA is or should be going.

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