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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: shamsaee who wrote (33747)	10/20/2000 11:50:46 AM
From: donald sew	Read Replies (2) of 42787

Shamasee, >>>> I do not follow the Dow and hold no Dow stocks.I am a firm believer of technology companies and where they will take us. <<<< Wasnt the automobile and chemical industry the technology leaders at one time, back in the 1930. Im also a firm believer that technology will lead the economy, just like the railroad companies in the 1800's, the radio/chemicals/automobile in the early 1900's and the computer/internets now. Unfortunately there were bear markets in between them. >>>> I do not follow the Dow <<<< Im not sure that is the best way to do technical analysis, but ignoring such a large sector, but if your TA does well ignoring the DOW then stick with it. But 1 call doesnt mean anything. Tell me how you do after about 30 calls since that would then be statistically viable. A good test of your system will be if it can identify the next important top. If it cant identify it then you will be 1 for 2 which is only 50% and the same as flipping a coin. Thats the real test. I have also heard that it is easier to identify bottoms than tops - so that is the real test.

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