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To: Chris who wrote (3834)	11/4/1997 1:49:00 PM
From: Robert Graham	Respond to of 42787

I found a few more interesting books that I am in the process of reading. One is a book called "Traders: the Jobs, the Products, and the Markets" by David Weiss, the Vice President or Global Operations and Goldman, Sachs, & Co. This is a 'one of a kind' type of book that provedes good supplementary reading and insight into the profesisonal trader that is acting as a specialist or market maker in the vrious financial markets. He examines each type of market, what there is to trade in that market, and some of the decisions that the trader needs to make in their daily trading activities. This expose is supported by short, but numerous real-world examples. I will follow up with a review once I am finished with this book. For you FA types out there, another book I have come across provides a comprehensive, detailed description of the investment strategies of Warren Buffet. This is no biography on Buffet. It even details the procedures to follow and the questions to ask about the investment in companies, besides covering the fundamental analysis he uses. Considering this is a person who took money on the order of $100,000 and transformed it into over $10 Billion, this person is worth listening to. It also gives an insight into the thinking behind his investment approach and what lead him to how how he currently approaches investments, including the divergence in his thinking from his mentor Benjamin Graham. This book is called "Buffettology" by Marky Buffet and David Clark. I am no Warren Buffet "groupie", but I think it is worthwhile to listen to what he has to say. I like this book also because it provides a good, detailed example of one apporach to fundamental analysis. Finally, there is a book called "Wall Street: A History" by Charles Geisst. I have seen good reviews of this book, but reviews by themselves are rather meaningless to me. I discovered this book at my local Borders Bookstore and skimmed throigh it. It covers in a comprehensive form the history of the stock market, and the factors that influenced the market action, including the politics and the economy of the those times covered. I am sure this will prove to be very insightful reading on the stock market. This is a 1997 edition that covers the market into the mid 1990's, which is as current as a book can be. Bob Graham

To: Chris who wrote (3834)	11/4/1997 2:03:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

I have discussed with Steve of the "From the Trading Desk" thread the possability of developing my discussion on tape reading into a more formal discussion, with his support. We decided a seperate thread was in order to be called "From the Trading Desk, Tape Reading Edition". So in the near future, I will be opening this thread up. I will wait a bit until I am better perpared, but it will happen soon. I would appreciate all of you here to take a peek at this thread and feel free to contribute, even though it may be just asking questions on the material presented. I will work to have other knowledgable traders there to help answer your questions. For those of your who want to more closely follow along with the material presented and help contribute to the thread, I would suggest reading two books that I have mentioned here before. One book, which is the text that I am using for the new thread, is called "Tape Reading & Market Tactics" by Humphrey Neill. The other book that can supplement this book is called: "West of Wallstreet" by George Angell and Barry Haigh. This places what will be discussed and other issues into the prespective of a floor trader, which is a person that I think all of us can learn from. Both books are available at Traders Press on the web. I do want to work this new thread into part of what we do here in the Stock Attack thread. I will be talking to Chris about this possability. This effort may provide the first topic covered in my newsletter idea, a topic that on this other thread will be covered extensively. I still want to see discussions on this topic occur here. Perhaps we can relate what is learned to the stocks that we talk about on this thread, and take detours that still relate to this subject in some way. For instance, we can cover in more detail the use of the tape in a trader setting and discuss some of the decisions made by the trader, along with other indicators a trader would look at, such as the bond market and the quotes on IBM. Just a few ideas of mine. In this way for this thread we can relate the tape reading to trading and investment practices which can benefit everyone here on the Stock Attack thread. Meanwhile, I will develop further ideas for my newsletter idea and pass them by all of you here. What do you think? Bob Graham

To: Chris who wrote (3834)	11/4/1997 5:37:00 PM
From: feewaybill	Read Replies (2) \| Respond to of 42787

Hi Chris, I looked over your new charts of PTIS and GECM. Good job, they turned out great. I'm trying to learn from your efforts so I have some comments and questions. Looking at the charts I see some new indicators. The top indicator chart is the Stochrsi(8,5), Stochrsi(14), and Stochrsi(34,14). When all three drop below the 30 horizontal line, then hook back up, can signal a strong upward movement in price.(BIG MOVE). The next indicator chart is William's Acc/Dis. I think it's the one Ross likes to use. He uses the William's Acc/Dis with a 27 day EMA(red) and 9 day EMA yellow. When the William's crosses below the 9 day EMA, and stays below it on its upward move, will be a signal of weakness and to get ready to sell. Also when the William's crosses below the 27 day EMA is a sell?(not sure) The next indicator chart is lableled Parabolic Sar. It has your ob/os signs that work off the Stochrsi(14). I also see a DNS. I'm guessing that this is a signal that Daves New System has just hit 3? I think I also see some of Henry's MA's along with Parabolic Sar. What is the bottom indicator box labeled TRIX, TRIX? I'm guessing its two different timeframes of Trix. Like a 14 day crossing over a 34 day Trix? I have not been able to get my Trix crossover to look like the one you use. Timeframes? Hope your exam Monday went OK...thanks again for the charts.............Bruce