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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Friend who wrote (3509)	7/7/1999 4:11:00 PM
From: keith massey	Respond to of 4467

Do not...I repeat, do not buy the Compleat Daytrader. I read the book in 3 hours and didn't learn anything new. For beginners it is worth buying a cup of coffee and reading it at your local Chapters but don't bother wasting the $60-70. It covers mostly oscillating indicators, moving averages and gap techniques. All of that is on the net for free in the links I posted a while back. In addition, the stuff on the net in many cases is far better qualitiy (e.g Hardrightedge). The author is way off on the use of oscillators in many of the cases and the graphics in the book suck. As for futures books.. so far I haven't bought any if that tells you anything about the quality. Most of them concentrate of true futures (e.g wheat, gold) and don't cover the index futures which is what I like. Murphy's Intermarket Technical Analysis was an O.K read but a little dated and the chapters on Gold are now useless. I liked VIC I and II's books and would recommend Market Makers and the New Market Makers (I bought these). Although they are just interviews with the top traders there are a lot of hidden tips for the futures markets. If you don't know anything about futures I would read "Getting Started and Futures" (can't remember the author) and their are a few other "basic" books. I am still looking on the ultimate book on trade index futures. Linda R. book is $250 and not on the book shelf so I haven't read that one yet and Coppers book on index trade is $350 and also not on the shelf so I haven't got my hands on that one either. I'm not about to spend that much on a book but will find a way to read these ones. By the way...Edward and Magee was the third book I ever read on TA. I liked it but thought there are better books on the subject. The charts are really out dated (1940's) and not easy to read. There is nothing on integrating other indicators into the pattern analysis. It reads like a University text book which isn't always a bad thing but it is not a book you pick up and read in a day or two. On the other hand I read Murphy's book on TA of the F. markets in a 36 hours period and have read it several times since. A far better book on the subject. Best Regards KEITH