Studies in Tape Reading

Submitted by Book Library on 3 June, 2010 - 12:44

There is a widespread demand for more light on the subject of Tape Reading. Thousands of those who operate in the stock market now recognise the fact that the market momentarily indicates its own immediate future; that these indications are accurately recorded on the tape; therefore those who can interpret what is imprinted on the narrow paper ribbon have a distinct advantage over the general public.

This book aims to consider all the market factors of vital importance in Tape Reading, as well as methods used by experts. Every effort is made to produce something of definite, tangible value to those who are now operating in a hit-or-miss sort of way.

Of Wyckoff's many books on the stock market, Studies in Tape Reading (Fraser Publishing Library) (Fraser Contrary Opinion Library Book) remains as his most important work. Whether you are a seasoned professional or a neophyte to the ways of the market, the reading of this book cannot fail to be a most rewarding experience. Written in part over 50 years ago, this classic on the basic laws of the price movement is invaluable reference to today's market operator.

Positive Review of Book

What Mr Tape (aka Richard Wychoff) writes is a simple way of looking at the market. He tape reads the market, looking at the size of transactions, and the number of transactions within spaces of time to determine turning points in the market place. Some writers may lead you to believe that Mr Wychoff was a chartist but in this work, and his others you truly see the difference between chart reading, and tape reading. If you want a book that explains the lost art of tape reading here it is. And for heavens sake, understand that tape reading and chart reading are totally different in terms of time, and real time analysis.

Negative Review of Book

This book started out interesting but soon into reading it, became dated. Some interesting comments here and there but not enough to spend hours of your important life reading it.

Author Biography

Rollo Tape, the colorful pen name of Richard D. Wyckoff. This 1911 classic on tape reading and stock market tactics is by one of the most astute students in the annals of stock market history. Mr. Wyckoff for many years was publisher of the "Ticker Magazine" which later changed to "The Magazine of Wall Street". He probably contributed more to the study of price movement than anyone else in America. Whether you are a seasoned professional or a neophyte to the ways of the market, the reading of this book cannot fail to be a rewarding experience. Written largely over 85 years ago, this classic on the basic laws of price movement is an invaluable reference to today's market operator.

Table of Contents

  1. Introductory
  2. Preliminary Suggestions
  3. The Stock List Analysed
  4. Stop Orders, Trading Rules, Etc.
  5. Volumes and Their Significance
  6. Market Technique
  7. Dull Markets and Their Opportunities
  8. The Use of Charts as Guides and Indicators
  9. Daily Trades vs. Long Pull Operations
  10. Various Examples and Suggestions
  11. Obstacles to be Overcome-Possible Profits
  12. Closing the Trades-Suggestions for Students
  13. Two Days' Trading
  14. The Principles Applied to Wider Swings

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