Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: Dr. Stoxx who wrote (3803)	5/13/2001 11:02:18 PM
From: Ed Huang	of 4056

Thomas, I'm using RAMP and will continue to use it. I think it's a very good program to find stocks with trend lines. But as I said, users need to have knowledge and experience on chart patterns and trend lines to use this tool properly. Each day from the 1300+ stocks in my data base, RAMP picks about 60-80 stocks, then I pick 4-5 (which I think have higher probability) from those stocks and follow them closely. If the further development of the candidate's price pattern is favorable, I will enter a trade. If not, I don't trade. The program finds me the right candidates I may otherwise miss and saves time for me. The recent up move of the market seems losing steam. The S&P may consolidate at around the current price level then moves up again. The other probability is the market is making a wave down from here. Should the market move down first, I want to see if it will pave the way for a summer rally. Right now many investors are watching the coming Fed meeting and how the market reacts to the news from the meeting. Let's see. Good trading.

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