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Strategies & Market Trends : Technical Analysis - Beginners

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To: peter n matzke who wrote (7475)	1/4/1998 11:17:00 AM
From: David R. Evans	Read Replies (2) of 12039

Hello Peter, It seems like you really want to sell DeMark....... I have tested at least 10 other systems that work better then his (on the long side). I have not put much time in testing the short side so I can not really say BUT based on past experience I will say that most systems that come out of a book need to be modified to suit the trader. I DO NOT believe a system needs to work on all stocks at all times. To have a finely tuned system in an up market you need to sacrifice some of the thinks that make it a good system in a down market. Build your system to suit what you are doing NOW and worry about tomorrow when it comes. This means that you must always be on top of what you are doing at all times also. If you really want to make money stop worrying about what's not here yet and concentrate on TODAY and Tomorrows open... THAT'S THE WAY YOU MAKE MONEY, not system testing on what might be happening next month... Dave Evans

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