Online Study Group

[cmsandy]

What a great idea! Count me in.

[ilonaross]

Let's start with the first section, through page 46.

In order to give any lurkers time to order the book, why don't we agree to have it read by Saturday.

We can move more quickly once everyone who wants to join in has the book.

Billy: Should we follow this book up with Stan Weinstein's, or is that overkill?

tnx

[Billy]

Billy: Should we follow this book up with Stan Weinstein's, or is that overkill?

tnx

The problem with Weinstein's book is that it had only one edition in 1988 and was never revised since then.
It was the best and most revealing read for all traders at that time. It has been my trading bible for years and was the most influential book of my life. But it is clearly outdated for the new generation of traders who will laugh at reading sentences like " General Motors is the best leading indicator of the US market". It was so true at the time, but today? You'd need to replace GM with AAPL, I guess...
The major lesson from Weinstein's book was stage analysis, and Brian Shannon has completely updated the concept for multiple timeframes. Brians's book is of a much better practical value for today's market.
The two other best lessons from Weinstein were relative strength and volume analysis on breakouts. Much similar to what William O'Neil is presenting with his methodology and books. Brian is much less focused on RS and volume.

The good news is that Brian is a member of this website and he confirmed to me that he will be happy to answer directly any questions you may have about his book.

Billy

[ozash]

Count me in.
Have Brians book but have to work until sunday night (12 hour shifts) so monday would suit me better as a start day.
Ash

[hmatar]

The problem with Weinstein's book is that it had only one edition in 1988 and was never revised since then.
It was the best and most revealing read for all traders at that time. It has been my trading bible for years and was the most influential book of my life. But it is clearly outdated for the new generation of traders who will laugh at reading sentences like " General Motors is the best leading indicator of the US market". It was so true at the time, but today? You'd need to replace GM with AAPL, I guess...
The major lesson from Weinstein's book was stage analysis, and Brian Shannon has completely updated the concept for multiple timeframes. Brians's book is of a much better practical value for today's market.
The two other best lessons from Weinstein were relative strength and volume analysis on breakouts. Much similar to what William O'Neil is presenting with his methodology and books. Brian is much less focused on RS and volume.

The good news is that Brian is a member of this website and he confirmed to me that he will be happy to answer directly any questions you may have about his book.

Billy

Well Billy, GM is still (joke) a one of the best leading indicator of the inflated POMO US market,
I have read Both books, I admire both writers, Brian has explained in more technical words what Weinstein has left out. Great idea for this group, hope to jump in with all in the discussions.