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These would be the two books on tape reading I could recommend from my
library. The Rollo Tape book might be closer to what you desire for "tape
reading". It focuses on tape reading per se however, at this point, it is a
pretty dated. Reportedly, Rollo Tape is the pen name of Richard Wycopf of
Wycopf spring fame.
I found the Neill book more useful as a position trader. He describes
various supply and demand scenarios and how they play out on a chart. For
example, he offers insight into judging whether a top is being formed as a
result of a drying up of demand verses an increase in supply. Both books
are "classics" and are of historic interest. Neither would be very good for
someone looking for a cookbook to program a "system", however, they can
provide high level conceptual insights to a system trader or a discretionary
trader.
Dan
>From: "Brooke" <brookelise@xxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: Re: Tape Reading
>Date: Mon, 28 May 2001 23:26:08 -0400
>
>There's "Tape Reading and Market Tactics," by Humprhey B. Neill. Something
>of a classic.
>
>And there's "Studies in Tape Reading," by Rollo Tape, funnily enough.
>
>Alan Farley has written something about it at:
>
>http://www.tradingday.com/dir/quotes_and_charts/ta_tutorial/tctape.html
>http://www.tradingday.com/dir/quotes_and_charts/ta_tutorial/tctape2.html
>
>
>Maybe he ventured into it in this book of his, too:
>
>"The Master Swing Trader: Tools and Techniques to Profit from Outstanding
>Short-Term Trading Opportunities"
>
>I rilly don't know.
>
>I might give a talk on it in Baltimore one of these days. Who's to say?
> ----- Original Message -----
> From: Wooglin
> To: tech-traders@xxxxxxxxxxxxxxx ; Quotes-Plus Yahoo ; List MetaStock
> Sent: Monday, May 28, 2001 9:33 PM
> Subject: Tape Reading
>
>
> I am looking for source material on the old fashion art of tape reading.
>As I understand it, someone with a trained eye and a good memory could
>watch the tape and see the accumulation (or distribution) of a stock
>followed by a price change in that direction.
>
> I am looking not only for explanation of the technique itself but also
>the trading tactics that go with it.
>
> Thanks,
>
> Jim Barone
>
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