Customer Reviews

Studies in Tape Reading (Fraser Publishing Library) (Fraser Contrary Opinion Library Book)

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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.

The book is illustrative, it will give a good sense about what to check in the tape and how to use the information obtained from it.
It is amazing how many of these principles survived the test of time, in fact you can pin-point when "the experts" are saying what the book say almost literally.
It is a great information specially specially for very short trades (daily or swing). It is a good read to any one involved in the trading arena.

This is an excellent book about tape reading. You have to study this book to get the most of it. Track what the author says on a chart and on a bid/ask quote screen. He discusses valuable things about volume and its nature. The author wrote this book when prices weren't changing 100 times per second like they are now. If you take a moment and contemplate what he's saying you will begin to see the same relationships today. You can't see it now because things are moving so fast and that's why reading a book from 1910 can help you see things better today.

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.