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Strategies & Market Trends : MOVING NOW!

CTIC 9.090

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Jun 26 5:00 PM EST

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To: Jerry Olson who wrote (1686)	10/15/2000 7:47:52 PM
From: nokomis	Read Replies (2) of 8046

OJ- did you read every word on his website?...I did and so that's why I'm very respectful of it ...because the guy DOESN'T trade these markets on technicals...in fact he clearly states that technical trading had its rightful place at one time, but not anymore... And he trades consistently well, using his strategy READ the tape and then TRADE (RT). That has got to be the way one plays these markets to profit, IMO. Having said that I believe (as he does) that RT must be THE foundation for executing a trade, first and foremost. The tape is 'what's happening, when it's happening'. Technicals play a part in identifying stocks perhaps ready to move but don't (have many stocks on my personal watchlists that are "ready" technically and "should" move any time now <g> then take days/ weeks to make a strong enough move from which I can profit. Even 5 min. charts lie these days more than they used to.

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