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

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To: oldirtybastard who wrote (34904)11/6/2000 4:46:13 PM
From: SpecialK  Read Replies (1) of 42787
 
<.I mean logically charts patterns alone have to stop working or work less and less as more and more people follow them >

I would disagree. A buy signal is given, everyone knows it is a buy signal, so everyone buys and it shoots higher, than a sell signal is given, everyone sells, and it shoots lower.

I think this adds to the volatility and momentum aspect. You have to be faster. These swings can wipe people out and as they are wiped out, they may never return.

As there is less of this "trading" money, the volatility and momentum will decrease.

Just my opinion. During the September-October drop, there were many people that would jump in on a drop for a rally, which happened but only lasted a day or a few hours. Very painful.
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