RE: Larry Williams - Money Tree ?

[Ondrea H Delio <odelio@xxxxxxxxxxxxxx>]

When I was just starting out, the Larry Williams book you mention below
was INDISPENSABLE to me.  His "swing points" technique
works just as well on stocks as on commodities and - if you're a newbie
at all this - don't go near commodities until you have an emotional
handle on drawdowns and losses in your stock positions (as well as the
sometimes substantial required minimum balance in your account to trade
even the e-mini contracts!).

I wouldn't bother buying the program from Genesis, especially if you
stick with stocks.  Last time I checked, their stock data was only
available end-of-day, not intraday.

A book you might be interested in checking out that I (still) refer back
to a lot: Technical Analysis of the Financial Markets by John J. Murphy
(1999 updated edition).

Hope this helps!
Ondrea

At 08:36 PM 6/28/01 -0700, you wrote:
Brian,
I am new to commodities.  Just starting down the road of
Short-Term
mechanical stock trading.  Perhaps I should stick to that first and
when I'm
confident, then try futures.

It's just that so many examples in various books deal with
commodities.  I
was wondering if I should move in that direction now.

Thanks,
Sean

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Brian Gaddis
Sent: Thursday, June 28, 2001 6:01 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Larry Williams - Money Tree ?


At 06:33 PM 6/27/01 -0700, you wrote:
>
>Hi,
>Anybody purchased Larry Williams - Money Tree?
>What did you think?  Anybody using it?

The Money Tree is mainly for people who are new
to trading commodities. It teaches the classic
Larry Williams position trading system that he
devised in the late '60s-early '70s era.

If you are a short-term/day trader, you aren't
going to to get much out of it other than a few
patterns for short-term S&P trades in the
Batting .800 book that's included with the videos.




< ondrea h delio | odelio@xxxxxxxxxxxxxx >