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Strategies & Market Trends : Technical Analysis - Beginners
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To: Jack Landis who wrote (7794)1/15/1998 2:31:00 PM
From: David R. Evans  Read Replies (3) of 12039
 
Hello Jack,

I try to stay away from the bottoms because I also lost too much money there. If you look at the example I used of IBM in my last post you will see a very good example of this.

On 7/32/96 IBM closed at $45.12 which proved to be the bottom of that cycle. MACD (13-34-89) would not have given you the green light until 7/29/96 at $52.62. Dahl was even lazier because he didn't say yes until 8/14/96 at $55.81. I know that there are many people out there who do not like the idea of missing a 10 point ride BUT if you think of it as INSURANCE you might feel better about it. StochRSI (14) got you in on 6/17/96 at $51.00 which in the long run proved to be a little early BUT if you hung in there you would have been happy in the end.

Which way is better? I guess the way you feel the most comfortable. If you can have fun, make money and sleep at night you have the best system in the world.

Dave Evans
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