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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (7382)	1/1/1998 10:41:00 AM
From: Jack Landis	Read Replies (2) of 12039

Dave....Let me add my WELCOME BACK!!! Your writeup on IBM was interesting to me for two reasons. First, I think it is very instructive to have everyone focused on the same stock when explaining their system and rationale. We are all lookin at the same information at the same time. Andy's 2 week test has been very helpful, especially in teaching people to think about shorts in a market like this. But because 100 different stocks are flagged it is difficult to look at them all and see the reasoning behind the selection. Wouldn't it be instructive if everyone focused on IBM and logged in when they would buy or sell (or short) according to their methods just as if we were using real $. You could trade short term or use a longer term approach.The real question is what works best in the market and can we "take" the signals when they occur.Is there anyone out there who would be willing to give everyone $10,000 in play money and keep tabs of the results? (I'm offering the idea but I'm not adept at keeping and posting) I truly believe that of all the things we could do to share ideas this might be the best. Then in Cleveland we can show and discuss the results. The second thought sparked from your discussion is in the treatment of RSI, MACD, STOCHASTICS. Tradional thinking is that the indicator must cross up from a low point for a buy and down from a high level for a sell. I find this not only misses good moves on strong stocks which have had a pullback but can leave you hanging when no sell signal is given because on a weak move the indicator never goes over the threshold. Well, these are some thoughts for the new year. What about the idea of working on IBM with $10,000 ? Jack Landis

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