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Strategies & Market Trends : DAYTRADING Fundamentals
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To: - who wrote (1612)7/7/1999 10:14:00 AM
From: TraderAlan  Read Replies (1) of 18137
 
Steve,

Well I'm out of commission this morning as eSignal has decided to go on vacation. I had just mentioned how much more dependable it's been than in the last year or two. Murphys Law.

Smith's weakness is market calling. Most technicians should avoid it like the plague. Smith also recently wrote a major uninformed piece on day trading, parroting the media orthodoxy on the subject. I like him because he's a decent pattern reader. His comments on individual stocks are clean and to the point. His breakout systems are pretty good for the position trader who doesn't need a lot of sophistication. As many have pointed out, you only need one or two bread and butter trades to make a living. He's limited and I'm sure his employer likes it that way.

I like Cramer. He also tends to be wrong at the turns, although he'd like to think otherwise. I need his contrariness and knowledge of some of the inside crap, like that stock that went from $26 to $90 on 6/30. He also points out the hedge fund games very well.

Overall I'm concerned thestreet is becoming another Barrons. The sour self-righteousness of their reporters and the bond guy who insists he's right and the world's wrong reminds me way too much of that weekend P.O.S.

Alan
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