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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shaw who wrote (819)3/5/2001 10:21:27 AM
From: Cush  Read Replies (1) of 5144
 
Hi Shaw. Thinking about an answer to the questions you posed in your post.

Reading any of the charts has become difficult in this environment, maybe because I want to see something good, and for the most part I see various shades of bad.

I never rely solely on TA for a buy signal.
I do sometimes rely solely on TA for a sell signal.

When I see a chart I like, I do some superficial dd.
Usually I search for any relevant recent news that might be affecting the chart.
Usually I look at the their recent financials and last annual statement.
Then I follow the trading, watch how the market depth changes.

I think the simple TA I am trying to use provides accurate signals at least 80% of the time.
Unfortunately, I am still struggling with the discipline to trade the sell signals, and not to anticipate the buy signals.
I'm getting better.
:o)

If I have more thoughts about the differences in the small (penny) charts to the rest, I'll post more later.

Cush
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