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Strategies & Market Trends : The Rational Analyst

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To: Scott H. Davis who wrote (1035)	5/30/1998 4:28:00 PM
From: HeyRainier	Read Replies (1) of 1720

[ Gut Feelings ] Scott, I prefer not to make trading decisions based on gut feelings when my indicators are signalling against me. I've found in my own experience that trading with emotions (as opposed to the trend) is a sure ticket to disaster. The purpose of adhering to indicators is to remove the emotional aspect of trading, which in my experience has had far more benefits than consequences. Take the fairly recent episode with SNRS, when Franco and I were discussing the issue at what in hindsight proved to be the peak of the upward move. I was fortunate to have adhered to my discipline even though it meant foregoing possibly greater profits. SAVLY is an interesting story, and as I posted earlier to you, I would like to put some charts and analysis here on the R/A thread and on the Web so we can see why it did what it did. SAVLY and DAOU (which continues to disappoint more than please) are short term situations that I feel should only be exploited by the short-term oriented. For the period I've known you I've come to know you as a longer term oriented investor. More later. Regards, Rainier

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