IQ Chart Real Time - Amazing, Inexpensive Charting Tool Message Board

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Non-Tech : IQ Chart Real Time - Amazing, Inexpensive Charting Tool

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To: Judy who wrote (407)	3/11/2000 10:36:00 AM
From: Herc	Read Replies (2) of 430

I'm a doctor and remember psychiatry being largely nonsense. It tries to treat human behavior scientifically. Human behavior is too wildly unpredictable for this to be possible. Behavior modifications was in when I was in medical school. What nonsense. I think the same about TA. It's a lot of fun to think about but naive to depend on it very much. Can TA predict that a company's accountants are cooking the books? Or that some brokerage analyst is going to change his mind about a company? I do use support and resistance levels as buy/sell signal. Of course, I've seen stocks plummet through their support, specifically PCNTF. And I have used IQ Charts scan to screen for stocks breaking out of their Bollinger Bands on triple volume. That's fun but time consuming. I just subscribed to Investors Business Daily and have been screening for stocks with high earning/ROE ranks and low "accumulation" ranks. I bought ESRX this week because of this. But mainly for fundatmental reasons. It had record sales/earnings and is well positioned to benefit from medical care rationing. In the final analysis, it's fundamental facts that drive a stock up or down. Happy Trading!

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