Tape Reading and Market Tactics: The Three Steps to Successful Stock Trading
M**P
William J. O'Neill would be proud
No, it's not really a compelling read, or written in a flowery or dramatic way. That's not the point however. There is one really essential lesson to be learned in this book, and that is the relationship volume has and it's potential impact on stock prices. Heavy volume and stock's moving up? How about heavy volume and stock staying in a tight trading range? How about low volume and stock's moving up? How about low volume and the stock's dropping in price? Is there a difference between heavy and super heavy volume? Can volume spot a market bottom or top? If so, how? This is an old book but the lessons are as relevant today as they were decades ago. The author gets to the point and gives a case study to teach his volume assumptions in motion.
N**A
if you are smart and care about understanding why the big cats buy ...
if you are smart and care about understanding why the big cats buy and sell the stocks .. you'll enjoy this book.
L**N
A worthwhile one-time read if you like this type of book
This is an old school book. Literally, written in 1931. Much of it is outdated but if you're a student of this kind of stuff, it's a decent read. In truth I would have rather taken it out of the library - it's a one-time read at best - but my library system didn't have it. (Not surprising given its age and niche focus.) Not anywhere near as good as Reminiscences of a Stock Operator.
S**E
Should NOT be called "Tape Reading"
If you are looking to understand what tape readers used to do, the tape readers that would sit in front of ticker tape and trade from that, this book has nothing to do with that. Tape reading used to be done by day traders, I have no clue as to why this book is called "Tape Reading," whenA) At the very introduction of the book he shuns day traders.B) The subject deals with medium to long trends which lasts weeks to months. So to re iterate, if you are looking for how to on tape reading, I would not get this book, if you want a larger education on overall different types of trading, then this can be a nice addition.
M**S
Good Book
The prÃncipes of tape reading and the prive x volume worth a read. But the rest of the book are worthless in today markets
H**R
Fair
If you already have a book on volume, you can skip this one.I bought this because I saw the good reviews on it.Maybe because the book was written in 1931. A lot of information in this book is already available on the internet or other books on volume.Basic stuff.
P**N
Tape reading and Market Tactics
Old time tape reading described in a text written in the 40's that proves basic price/volume relationships still apply. Good reading.
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