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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders
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To: Jenna who wrote (379)3/15/2001 4:59:50 PM
From: Jenna  Read Replies (1) of 589
 
<font color=green>Techno-Fundamental Analysis for big $$$

DPMI from 85, CMVT from 80 still short/puts.. we are closing in on our price target. Charts are fine and we love them but for accurate price targets beyond just the intraday scalps of 1-2 points and for the 'beefy' plays itthe techno-fundamental analysis. When there was a short fall on RIMM/HAND/PALM followed by INTU warning and ADBE it was not the TA that found these plays. INTU chart was perfect going into today, not overbought, new uptrend, but once it was established that earnings are questionable INTU went into freefall. Today's rally fizzled by the end of the first reversal period (10:12 to 10:25) and shorts proliferated from then on and that's all we played. This was all earnings related not TA related. We enter all plays based on Technical Analysis but by knowing THE COMPLETE PICTURE... can you get the beef of the trade.

These last 6 months have proven that there are no bottoms, only detachable bottoms like limbo sticks. Earnings are still the foremost predicator for price moves, whether you are a day trader, or a swing/position trader. If you want the BIG gains and we have been saying that for 5 years, for the DAYTRADE, SWING and POSITION TRADE the charts should be screened first for FUNDAMENTAL STRENGTH and the results filtered out and run through TECHNICAL ANALYSIS scans. Otherwise you will be scrambling into stocks until the first reversal which is fine for 3/4 point but when you do that 5 or 6 times a day its tiresome and still won't net the "BIG FISH".
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