The 1931 classic, Tape Reading and Market Tactics, in which author Humphrey B. Neill tells not only how to read the tape, but also how to figure out what's going on behind the numbers.
Full of graphs and charts, Tape Reading and Market Tactics contains excellent sections on human nature and speculation. This not to be missed bestseller tells about the mechanics that drive price action.
New conditions will arise. A new trading public will be born. However, the old cycle of rallies and reactions will roll on.
Although originally published in 1931, this classic work remains the benchmark in tape reading and price and volume analysis in speculation.
Historically one of the best selling titles on this topic, Tape Reading and Market Tactics is a testament to the real genius of Neill and his grasp of human nature.
A true pioneer in contrarian thinking, Neill is steadfast in his advice to break away from the unknowing and invariably unsuccessful public: "Beware of the crowd. When everyone thinks alike, watch out. They're probably wrong." Neill’s philosophy pushes the reader to study hard and pay ones' dues. He insists that the successful trader is an educated entrepreneur; one who can make reasoned decisions based on the movements of price and volume.
For Neill, only proper and continuous study equals success. In today’s technologically complex trading environment, Neill’s simple advice still rings true: Mechanical forecasting will never take the place of intelligent judgment. In Tape Reading and Market Tactics, Neill made a statement to his generation and to all that have followed: Don’t follow the crowd, learn the tape.
What are your thoughts on this subject? Share them!
Two Paths to Financial Independence
1. Own your own successful business.
2. Own a piece of someone else's successful business.
... Billionaire J. Paul Getty, founder of Getty Oil.
Every business needs to advertise...
“I’d rather have 1 percent of 100 people’s efforts, than 100% of my own.” ... J. Paul Getty, founder of Getty Oil.