Forum Archive Index - April 2000

["Phyllis Taylor" <phyl@clear.net.nz>]

Oliver,

A most comprehensive book covering the three major components of Technical Analysis (and please rest assured that fundamental analysis is not thrown out - the health of the company is important) is Alex Elder's "Trading for a Living"   Written about 6 years ago - translated into 6 languages it is still a popularly sold book.    Many of the greatest traders hold it in their library and it is quoted as a reference in later books on the same subject.    Oliver - I know you would find the precepts contained therein incredibly interesting. 

 

It is not written in a heavy manner - rather crisply and with the profitability and good of the trader uppermost.    There is a workbook accompanying to make a thorough study.   It is available locally but if you go to the website  elder.com  there is more information about it.

 

Some 47 traders went to Fiji a few weeks ago (see Website) and found that the precepts in the book are as perceptive of the market as when first written.   Alex Elder has also written a book about the Russian return to Capitalism which is slowly making progress - a long way to go.

 

The Interloan section of the Library service contains it but, I believe, sometimes a long wait.     Our Society is just in the process of producing a Website in which we will mention some of our activities - one of which will be a library of videos to support some the the principles of Technical Analysis.   Support and Resistance levels are basic here.

 

Good Luck,  Good Health   and  Happy Investing.     Phyllis

----- Original Message -----

From: Oliver Shapleski

To: sharechat@sharechat.co.nz

Sent: Thursday, April 13, 2000 6:24 PM

Subject: [sharechat] "Support" levels

Have not read anything about how to determine "support levels" that keep getting thrown arounf this forum.  What can I read/how does one "calculate" them?

 

Oliver