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Biotech / Medical : Biotech - Technical Analysis

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To: XenaLives who wrote (259)	3/22/2002 4:30:46 PM
From: Tomato	Read Replies (1) of 544

I'd like to see you give it a try. "seems too complicated" may just be an illusion :) I'm just not motivated from your argument to expend the effort. Sorry. :( There are several purposes, but the the most important would be to be able to backtest a poster for credibility. There are a lot of folks who hold forth at length and sound very credible on SI, most of them are full of it. If the chart is a matter of record for all to see I think we will have fewer posts of compost quality. I also think that Bernard's posts are valuable, but there are times when I just don't see what he sees. An arrow here or a line there, plus being able to go back and look at it in a few months, would be very valuable. The reason I like to store charts personally is that I get a lot out of a time regression and I don't think that historic intraday charts are readily available. Just comments on why I've gone to the trouble to give folks an upload capability. 1. You can track someone's record without intra-day charts--I don't know whether anyone here is daytrading--sounds like most are position traders. 2. I think the best one can do in looking at someone's observations is to see if they got the direction right (but for how long?) unless they give specific recommendations, e.g. buy at 10, sell at 11 with stop at 9. 3. Continuing from #2, let me take a specific example and see how a post could be improved: Message 17181794 VLTS: Is doing well today.After its buy signal on March 7.<g> What constituted the buy signal? Is there as stop loss point now? The insiders and institutions had been buying at the 2.25 level.<g> biz.yahoo.com siliconinvestor.com. But it still needs to close above 2.50 <g> siliconinvestor.com; Does that mean that if you missed the buy point that you should wait until the stock closes above 2.50? If so, what do you do then? Any stop? Any target? At any rate, it is up 12% and volume now is over 180K What's the significance of those 2 facts? 4. So, I guess I'm saying that if you point out a chart it would be helpful to have buy and sell stop guidelines. Targets would be extra credit. ;-)

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