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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (25841)	6/2/2001 11:56:58 AM
From: Paul A	Read Replies (1) of 37746

Me thinks that any TA at this point needs to take into consideration the low volume which will skew things, and in this case its to the upside.. I use basic basic BASIC ta for my stops/buy points, but beyond that I dont really follow it at all.. Next week there will be an answer after the fact why the shoulder was broken or this or that.. I follow a great trader named 'Tatrader' but I always felt his one huge mistake was he is 100% strictly TA.. sometimes it shocks me how he can predict news or other events just from charts- but there are times where the fundamentals are more important.. Huge gap up on high volume, and possibly CNBC mentioned it at 9:25 causing an extra bounce that technically shouldnt be shorted but if you realize what caused the bounce etc etc.. well you get my point.. What stocks are you long at this point? Im only holding longer term positions so I could use something that will move up with the market if we break and could cushion my fall.. BVEW really turned out to be a disappointment for me, but Im sticking with that one for 3-6 months (or 1.50) whichever comes first :)

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