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Strategies & Market Trends : Technical Analysis - Beginners

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To: ExCane who wrote (7847)	1/17/1998 2:51:00 PM
From: Chandler H. Everett	Read Replies (2) of 12039

Alex......I will usually check the industry grouping of a stock that I want to trade as I can get them from my TC2000 download. I'll look at a weekly chart on the industry group with a 55,13,3 stochastic to see where we are on a longer term basis. As to the fundamentals, I'm in the investment business and have people in my firm who look at that, but as an ex-corporate treasurer who was told that i would be fired if I told the truth to security analysts, I don't out much faith in them. As someone here said, the real inside information is found in the price action of a stock, not the "story" that is always changing. BW Chan

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