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Pastimes : ASK Vendit Off Topic Questions

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To: Vendit™ who wrote (15200)	10/24/2000 2:09:15 PM
From: Clappy	Read Replies (2) of 19374

Hi Vendit, Sometimes I think I over analyze my TA. In regards to FCEL, I was looking at the ominous H&S pattern, thinking that buyers may be afraid to buy in here. In addition, the price is very close to that lower bollinger band with it's Rel. Strength still above 30. (Usually that indicates possible selling to continue.) Is the profit taking occurs in the Naz, it might be difficult for FCEL to rise without news. With all this being said, my TA is still far from the point where I can rely on it to make money. I need to develop a better system. It appears that you attempt to skim quick profits by buying when the slow stochastics or MACD signal and the sell when the fast stochastics signal. Do I have this correct? Perhaps this quick profit taking system would be better for me than trying to figure out the entire chart, looking at every single indicator and chart pattern, only to guess wrong... Sometimes I think I try to apply too much logic into my TA... In a non-logical market, it hasn't been working very well. In general, what is your thought process when you look at a chart? -Clappy

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