Chuck,
Welcome to the Forum...
Estes shockcords?? Were to start?? Oh yeah, throw them in the trash when you open the kit. I am of the opinion that elastic belongs in your underwear.
Walmart has a small hardware section near lighting and plumbing that has a few varieties of nylon string. In different colors too...I picked flouescent Red nylon string. It is roughly 3/32nds" in dia, and you get a coupla hundred feet for a few bucks. I have outfitted rockets from Estes, Questes, Fliskits, Semroc, etc. etc and I still have half a roll left. (Bought in 1998) This method allows you to make nice long shockcords, that do not take up alot of room, or add alot of weight. Unless I set fire to the rocket ( I have been known to do that) the shockcords do not burn through.
Mounting is different:
1) You can affix/glue the nylon directly to the top centering ring, or
2) use 5 minute epoxy and glue it to the side wall in the same location you would the Estes shockcord mount. The folded paper method of mounting usually does not work with this string, as it is to thick.
Once again welcome, the best bunch of rocketeers ever can be found right here at the Forum...