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Non-Tech : Technical Analysis a la Edwards and Magee -- Ignore unavailable to you. Want to Upgrade?

To: marketbrief.com who wrote (1)3/19/1998 1:19:00 PM
From: Jim Roof  Read Replies (1) | Respond to of 40
 
Well put. Those are my sentiments exactly. I have read Nisons' second book and it was very good reading as well. Candlesticks to me seem to be a tool that looks into even smaller time frames than typical western analysis. The psychology is the same but the units of time measurement are much smaller. I am not a real believer in the Elliott (sp?) Wave Theory per se but there is a lot of truth in the observation that everything is cyclical and that these cycles run on different 'frequencies'. Fundamentals may pick a winner on a multi-year basis. Good chart analysis can pick a winner on a weekly or monthly basis. Candlesticks work on a daily basis.

Jim



To: marketbrief.com who wrote (1)3/21/1998 12:04:00 PM
From: Radiosport  Read Replies (1) | Respond to of 40
 
>You should pick up John Magee's book as well: Analyzing bar charts for profit. I
have used these charting techniques for a long time and when I added candlesticks
(Steve Nison's 2 books) to my analysis, it got even better.

Thanks for the tip, marketplace - I followed you here from the KRY group.

Exactly what book titles should I be looking for?

I'd also be interested in your (or anyone's) comments on the charts for PTSC.


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