Technical Analysis- Indicators & Systems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis- Indicators & Systems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TechTrader42 who wrote (2474)	8/12/1997 11:39:00 PM
From: Richard Estes	of 3325

The dow and other indices are just general reflections of market mindset. The reaction in individual stocks is magnified beyond the simple measure of the dow. You don't system test the dow or any of the indices because you can't and don't invest in them. You have seen stocks mentioned on the boards that move 30% in days, not a year. That is what you should be trading not the Dow but look at what happened when the mindset changed in the past as reflected by a Dahl, Macd(13,34,89) or 89TSma. look at the stocks you would trade, what happened to them during that period? I think you will find a much larger reaction than the indices. >You wouldn't become wealthy quickly, but you'd enrich your broker with all the trades.< When brokers suck blood as in past before discounts. Muti trades/commissions were a player but the day of the $10-25 commission allows it to become a non-player. The time factor of money at risk must be considered. While the market returned to newer highs, because of this historical bull, it causes one to think there are no tops. Well one day there will be, failure to response to signals in market or a stock can expose one to an enforced buy and hold or a big loss of capital. people who held IBM since 1987, have only this year got even. If you consider inflation in the looks at the dow especially in the past years (the 70s bear) The buy and holder in the dow or s&p500 didn't get even until the 90s. So let Bill buy and hold, I won't and don't. It is always a market of stocks, not a stock market. The beauty of trading is you can make the decision based on your mindset. When the final decision is made as to who is a winner and looser can vary by personal perspective. It may not be in terms of money. For me, I go with the person with the most toys at death is the winner.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next