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Strategies & Market Trends : Technical Analysis - Beginners

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To: gonzongo who wrote ()9/17/1996 6:33:00 PM
From: Richard Estes   of 12039
 
Truisms:
BUY ON LOW VOLUME, SELL ON HIGH.

DON'T BUY ON EARNINGS ANNOUNCEMENT, WAIT.

NEVER HOLD A 10-15% LOSS IN A STOCK, SELL.

MOST INDICATORS IN BOOKS AND PROGRAMS WERE BUILT FOR FUTURES. TOO SHORT IN # OF PERIODS. TRY RSI(21), CCI(40), MACD(89), MOV AVG(55 OR 89)

FIND A SYSTEM YOU TRUST, STICK WITH IT. DON'T CHANGE IN MIDDLE OF A BUY.

DON'T SHORT STRONG STOCKS, SHORT WEAK ONES.

IF YOU LOOK AT FUNDAMENTALS, DON'T USE THEM FOR ENTRY OR EXIT, USE PRICE AND VOLUME.

READ, READ, READ EVERYTHING ON TA, YOU CAN.
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