Tomorton,
sounds like you're not 'the type' to use Hottrader perhaps, not a slur - I mean you sound more the DIY type. There's a free program at
www.gannalyst.com ... a 'lite' package that isn't imo as good, but the price is zero which kind of helps ;-)
... if you fancied a look at this stuff, as I remember that freebie has some interesting info in the help, if anyone is new to swing charts etc and wants a quick look at them.
Helen, possibly - I suspect it was determination more than anything else that settled the future for Dr Elder. His book is much more a case of 'do this, do that, multiply this' - what I hated about Tharp is that the first half was spent leading up to what I got out of Elder, while Tharp just drifted off. More introspective than a DIY Endoscope kit in my never humble opinion. The reason you lose money is because the price goes the wrong way - I am sure some people then compound the error by not exiting, I just thought he dragged that out about 100 pages too far.
Elder, on the other hand, gives practical advice - some of it pants no doubt - but even a simple idea like the A,B, C trader one... simple, and yet probably of great use to the majority - here's a way to rate your trading performance - how many people have trouble with that? I think the book was worth it for that alone almost (mind you, I did get it very cheap <g>)
You DO have to admire him for his self opinion though, I absolutely chortled every time I read about his wonderful force index etc and how we'd all be rushing to program it into our programs... modest little chap, isn't he?
Dave
