Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 671.91

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Nov 14 4:00 PM EST

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To: CatLady who wrote (8838)	7/7/2000 2:31:32 PM
From: UnBelievable	Read Replies (1) of 39683

A@P People Primarily Focus On Short Trades. My overall market perspective at this time is that there is more downside rather than upside to the market as a whole. For that reason, in many cases, at this time, I am more inclined to trade short. I know why most of the stocks should come down in price, it is less clear to me why they should go up. I generally trade most of the stocks I follow up and down. I found your thread when I was first researching DIGL. I think the strategy is really good. Its simplicity is very elegant. I have been following the thread for a while. While attempts to improve on the basic strategy as described in the thread header are understandable, I wonder if the added features are worth the complexity. A lot of people do all sorts of TA and I don't know how much better they are on an ongoing basis than those just following the basic methodology. The problem, as has been noted on the thread, is stocks can stop working after a while. I think that this happens with any trading strategy. Initially the patterns are reinforced as more people become aware of them (even if they don't use the same rules to pick up the trade points) and then people and MM start anticipating the pattern and the value diminishes. I think rotating through a group of stocks would probably work as well as continually looking for new ones. After the stock stops working, if given a rest, it will probably work again (unless it doesn't <gg>. Good Trading (BTW I most frequently post to MDD concerning macro-economic factors and pick up TA from many of the very experienced people who post there.)

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