Tape Reading and Market Tactics: The Three Steps to Successful Stock Trading

Tape Reading & Market Tactics - Front Cover......Page 1
Title Page......Page 2
Contents......Page 3
Printer\'s Imprint......Page 4
Dedication......Page 5
By the Same Author......Page 6
Preface (February 1931)......Page 7
Foreword to 1959 Edition......Page 15
Foreword to 1970 Edition......Page 19
Contents (1931 Edition)......Page 25
List of Figures and Charts......Page 31
Short Title......Page 33
PART ONE: STOCK SPECULATION......Page 35
1. Stock Speculation......Page 37
PART TWO: TAPE READING......Page 59
Behind the Tape......Page 61
PLATE 1......Page 67
What the Tape shows......Page 70
Tape Interpretation......Page 73
General Principles......Page 75
4. Increasing Volume During an Advance......Page 77
Heavy Volume But No Headway......Page 79
Volume Indicating an Advance......Page 80
Detecting the Turn of a Trend......Page 85
Various Turning-Points......Page 88
The Struggling Market......Page 92
A Sluggish Top......Page 94
PLATE 2......Page 95
Tops More Difficult to Distinguish Than Bottoms......Page 98
A Sharply Defined Top......Page 100
PLATE 3......Page 101
A Broad Top......Page 102
PLATE 4......Page 103
American Can\'s July, 1930, Top......Page 105
PLATE 5......Page 106
A Day-by-Day Illustration......Page 110
PLATE 6......Page 111
A Puzzling Reaction......Page 112
PLATE 7......Page 115
PLATE 8......Page 116
The Action of Loew\'s on Monday, November 17......Page 118
PLATE 9......Page 119
Loew\'s Goes Through......Page 121
Watch Steel......Page 123
Watch for False Moves......Page 126
The Action of Steel in August, 1930......Page 128
PLATE 10......Page 129
PLATE 11......Page 131
A Word About the Examples in This Book......Page 132
Check Your Tips on the Tape......Page 135
PLATE 12......Page 136
The Action of Electric Power and Light......Page 137
PLATE 13......Page 139
PLATE 14......Page 142
So--Confirm It on the Tape......Page 143
Variances in Volume......Page 145
Important, or \"Good,\" Buying and Selling......Page 148
Withdrawing Bids......Page 152
Think in Dollars, Not in Points......Page 154
12. The Effect of News on Market-Action......Page 156
Resistance and Support Levels......Page 161
Old Highs and Lows......Page 171
Be a Cynic When Reading the Tape......Page 174
Use Pad and Pencil......Page 176
Trade Alone......Page 178
Do Not Watch Every Stock......Page 180
The Use of Charts and Statistics in Conjunction with the Tape......Page 181
Acting Contrary to the Public......Page 185
Trend-Trading......Page 188
Capitalization and Floating Supply......Page 191
Patience is a Market Virtue......Page 193
15. The Rise and Fall of Steel During A Normal Bull Movement......Page 194
PLATE 15......Page 196
PLATE 16......Page 198
PART THREE: MARKET PHILOSOPHY......Page 203
The Biggest Handicap of All is Ourselves......Page 205
Market Philosophy......Page 206
Trade on the Longer-Term Trends......Page 208
Market-Poise......Page 209
There is No Such Thing as \"Position\"......Page 211
Reflected News......Page 213
The Market as Its Own Best Advertiser......Page 216
The Time Element......Page 219
How to Think, Market-Wise......Page 222
Fundamentals versus Technical Action......Page 224
Pride of Opinion......Page 228
Greed......Page 231
Look Upon Your Stock Certificates as a Merchant Looks Upon His Merchandise......Page 234
Do Not Believe Anything You Read......Page 236
The Value of the Impersonal Viewpoint......Page 241
The Public is Always Fooled......Page 243
Never Answer a Margin-Call......Page 245
The Danger of Too Much Nerve......Page 246
Averaging to Satisfy Pride of Opinion......Page 249
19. Are Charts of  Any Value In Forecasting the Movements of Stock Prices?......Page 252
20. From My Notebook......Page 256
The Contrary Opinion Library......Page 266