Before the Internet, onscreen trading, or even television screens, traders followed markets by watching actual trades emerge from ticker tape machines. These tapes revealed where the market had been and which direction it was moving, and allowed traders who understood market movements to concentrate on the realities of the markets, discern their own patterns, and increase their opportunities for winning trades.<BR>Techniques of Tape Reading breaks through all of today's hype, rumors, and disinformation to concentrate on similar techniques for trading the reality of the markets. But where yesterday's tape readers could make decisions based only on static stock movements, this proactive book reveals how modern traders can integrate timehonored tape-reading techniques with modern technologies to: determine how the smart money is trading, and follow their lead to profit from "the herd"; employ advanced yet easy-to-implement timing strategies to select more profitable entry and exit points; know when a price movement has been exhausted - and your position should be liquidated; make trading more orderly and profitable by selling partial positions into price/volume spikes; and build and play more accurate and profitable setups.<BR>In a typical market, the majority of traders are generally wrong. They consistently ignore what the market is telling them, relying instead on market rumors, forum gossip, and hot tips. They trade what they think instead of what they see - and, most of the time, what they think is guided by all kinds of stock promoters who are only interested in taking their money.<BR>Techniques of Tape Reading shows you a more intelligent way. It reveals a step-by-step process for moving into an unemotional state of trading reality, acting on the ultimate truth of stock movement, price, and volume instead of destructive and misleading rumors and gossip. Let it show you how to use the age-old rules of tape reading to follow what the top traders are doing today, and dramatically increase your ratio of trading profits tomorrow.