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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: gonzongo who wrote (2283)7/31/1997 9:08:00 PM
From: Richard Estes   of 3325
 
Brooke and others

Lets see if I can remember the jist of the comments on ATMS. It had been recommened by Henry at 2.31, that was his entry point. Now it had based around 2.81-2.88 setting up a breakout which happened. Within 3 days, it moved over 25% short term over bought. Now if you or anyone was going to plan to handle this trade as a short term one rather than follow Henry. You could have punched out on 7/25 and entered again at say 3, point of breakout on 7/29. and you would be setting nicely or take profit again.

I believe if you adhere to a system like DNS, you buy within 2 days of DNS moving to 8, when did that occur with ATMS? you sell at 3 or a loss of 10 %. If you buy on a recomendation, you stay with it until newletter says leave. You can't blame system or newsletter if you don't trust them to make you money.

When we start looking at everything in toolbox, DNS is at 7 on a one day move. Fine if you decided that DNS or any of the indicators would cause you to leave the trade. On any day, you can find some indicator to tell you to buy/sell, if you look hard enough or strech the results. Know ahead of time what you will do, and what you will use. In seeing what AMTS will do, requires knowing what the mindset is. the next day, week or month? What does someone want. Right now subject to change HB wants 6.00.
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