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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (35430)2/24/1998 3:35:00 PM
From: Kevin Walsh  Read Replies (1) of 58727
 
Hi Don and all the loonies in etherland, >>it is interesting that it is similar to the TA that I am coming up with.<<

It's better than you think - that Mr Hitt and you have similar outlooks. He uses astro as a supplement to his TA such as helping predict when runs and reversals may occur. He uses Gann lines, Elliott Wave, candles, and now what looks like a very capable TA program - Robert Miner's Dynamic Trader. dynamictraders.com

From Robert Hitt:

"First you need to know that I am self taught and most of what I know is from first hand observation since 1975. I literally spent 1000s of hours drawing stock index graphs by hand to come to many of my conclusions about what works and what does not. I know much more about what does not work than what does. I have eliminated many techniques used by others and now use the astro information as an aid to technical studies and pattern recognition. I do not use astro as a stand alone method of trading and do not know of anyone who just uses astro and makes money. There are a few exceptions when unique astrological alignments allow for acting before the technicals confirm but that is rare. The object is to make money in a low risk way and trying to pick exact tops and bottoms add tremendously to risk. The use of astro increases the comfort level of trading and allows for decisive action when the moment arrives to act."

Hope this helps,
Kevin
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