The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (31267)	7/25/1999 6:33:00 PM
From: wmwmw	Read Replies (2) of 79237

<Day 2 short entry at 128. Day 3 add to position at 155. Day 4 over the IL...the top...add at 190. Now your avg is about 157/share> It seems the key to success is not your model, but AVERAGE UP. And what portion of you account you put at initial shorting? 1/10? Then if it goes down you only make very small profit. I would suggest a much simple strategy: find any stocks that have been up consecutively for 3 days with a total run-up of above 30%, initiate your short at the forth day open with 1/10 of your account, then average up every day if it goes up . I promise you have 100% probability to win. I am sorry if I sound picky. I am looking for systems that are more accurate. Of course your model help make money, but there are also a lot of strategies that can do.

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