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THE NEW TRADING OF A LIVING- COMPUTERIZED TECHNICAL ANALYSIS

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THE NEW TRADING OF A LIVING COMPUTERIZED TECHNICAL ANALYSIS Computers were a novelty at the time I wrote Trading for a Living. My first com puter for technical analysis was an Apple 2E desktop with a boxy modem and  two floppy drives. Each held a 300 KB diskette: one for the analytic program (Com putrac, the first program for technical analysis) and the other for market data. When  the first hard drives came out, I had a choice of buying a 2-, 5- or 10-MB (not giga- byte!) drive. Ten megabytes seemed too huge for anyone to ever need, so I sprang for  a 5-MB hard drive. How technology has changed! A trader without a computer is like a man traveling on a bicycle. His legs grow  strong and he sees a lot of scenery, but his progress is slow. When you travel on busi ness and want to get to the point fast, you get a car. Today, very few people trade without computers. Our machines help track and  analyze more markets in greater depth. They liberate us from the routine u