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Strategies & Market Trends : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (857)	6/10/1998 6:16:00 PM
From: Trader X	Respond to of 1471

Hey I2, good to see ya here in the TA dungeon! Watch out for the whips and chains, nothing to be scared of there. Good books? For the beginning enthusiast, I always rec the bible of modern TA, "Technical analysis of Stock Trends" by Edwards and McGee. In it's 7th or 8th edition by now, I believe. Cannot go wrong. I also recommend a good study guide on Japanese Candles. I personally like "Candlestick Charting Explained" by Morris. Candles are great for identifying trend reversals. I have grave doubts regarding E-wave. I do think it's based on some excellent thinking, theoretically. But the method produces far too many of it's share of false readings and alarms. The E-wavers have been calling a major market top since 1992 -- oops! Missed an entire bull market covering 5 years! Oh well. trader x

To: Investor2 who wrote (857)	6/10/1998 6:19:00 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 1471

Trader, I've been struggling to learn TA and can not help but thank you and some others input on this thread of late. Good God, the crap I was reading before that just added to the questions that I had. It is good to see someone willing to talk about an actual stock that all can pull up the chart and discuss what we are seeing. Thanks. Jeff Roberts

To: Investor2 who wrote (857)	6/10/1998 8:52:00 PM
From: virgil vancleave	Respond to of 1471

read technical analysis explained by martin j. pring. or another one already mentioned by magee. or even better read profiting in bull and bear markets by stan weinstein. all good books. i am somewhat new to ta (about a year now), but can't help but notice how effective it really is. the more i see and think about iot all, the more of a believer i become. and judging by some of the technicals recently, i am very bearish both short and long term. pring notes in his book that drug companies and machinery and retail are "hot" in the final stage of the bull market. just a note and time will tell. just my contribution. hope it helps.