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Strategies & Market Trends : Technical Analysis - Beginners

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To: peter n matzke who wrote (7475)1/3/1998 3:41:00 PM
From: Richard Estes  Read Replies (1) of 12039
 
For shorts, best to use IBD RS<30 stocks, in QP try <40. People try to short strong stocks, might work for short term, low % trades, but the reason so many fail.

I have no idea what you are referring to as DeMark's "short" system. I have had book since first printed. Note his direction is trading futures, where your margin can be 95%, so small % moves can return big dollars. He has very few stock examples and if you look at his trades there, they are for small % moves. This is a problem with many books. Dave, Chan or someone needs to write a good stock book.

Does that negate systems optimised for futures? No, it just makes it important to realize what you are looking at.
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