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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Luce Wildebeest who wrote (6026)2/12/1998 4:15:00 PM
From: Ms. X  Read Replies (2) of 42787
 
Hey Calvin,
A scalp is what traders do when they think they can get a short drop in price, thus a profit, off of a short. Risky but can be fun. Done with stocks who have run up considerably.

As long as a stock is above its bullish support line and you are long, don't touch it. Add on pullbacks. If you are a trader you may vacillate more.

Your analysis of investing without TA is correct and I must add if you only have TA without FA you are completely clueless.

Point and figure is very user friendly. There are craftsmen out there that are better than others but the learning curve is not high.

Here is what you do:

1) Go to dorseywright.com for info.
2) Sign up for the free two week trial at Dorsey Wright.
3) Buy the book "Point and Figure Charting" by Tom Dorsey (Amazon.com has a good price on it)
4) Visit the Point and Figure thread and ask lots of questions.

You will see the light at the end of the tunnel. Maybe even find P&F religion, a lot do. :-)

Hope to see you over there,

Jan

P.S. Thanks for the compliment on Mr. Supply and Mr. Demand. Very powerful men even if they do dress funny.
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