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Old 10-18-2007, 03:50 PM
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Re: Techniques of Tape Reading

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I don't think any of those forementioned leaders of tapereading would be doing the same thing they did when all they had to watch was numbers rolling across the tape.
I think you are wrong on that one. In fact I know quite a number of traders who trade using only time and sales, no charts.
Also do you think floor traders are looking at charts when they trade?

Quote:
Thus the object of the book is not to give a history lesson or teach one to use only technology available decades or centuries ago. Graifer's methods are consistent with his definition and with what he promises on the book cover.
This doesn't change the fact that the book cover and title are misleading.
In fact if you look at the book cover, what do you see? You see a picture of a ticker tape machine with tape pouring out of it.
I was thus expecting that the book would be discussing how to read time and sales data in real time. There is in fact not a single discussion of time and sales.

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