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

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To: Magnatizer who wrote (6360)	2/26/1998 5:05:00 PM
From: Robert Graham	Read Replies (1) of 42787

Good to know that my efforts are appreciated. Sometimes I do not know if anyone is listening, but sometimes from a nice person like you who speaks up, I know that I am making a difference. I know of many here who have made a difference to me. Yet I find that there is still so much to learn. For instance, Judy here mentioned she does not wait for the crossing og MAs for a buy signal. She looks for their convergence. I imagine this indicates to her the momentum behind the price of the stock and this allows her to enter before the public moves in. What she is seeing evidently is the accumulation of the smart money into a stock. She sees the pattern they leave in the price of the stock and its indicators, and then makes her decisions based on that and other information like sector strength and some fundamentals. She is the first person to help confirm my suspicion on the role of sentiment in the marketplace. I myself have noticed price momentum's effect on indicators like a ribbon (group) of MAs and StochRSIs and MACDs. If this can be read properly, this can provide much insight into the nature of the accumulation in the stock, more revealing than the indicator termed as "momentum" and other indicators attempting to do the same thing. This type of indicator and a money flow indicator I find to be pretty useful in looking at charts. Then I find it helpful to confirm by following the tape. Here with that 12 year old is an opportunity to help clear his path when he is still young. I remember when I was 12 years old I spent allot of that summer in the trader's room of a brokerage firm that I would ride my bike to. I learned as much as I could from the traders there. Even though I did not understand much of what they were talking about, I did bring something away with me. Since then even though there may have been large periods of time that I spent away from the markets, I have always returned back to following the stock market. So here is my opportunity to contribute something back to a young and inquiring mind. I am working on shortening my posts. This is obviously taking me time to accomplish. ;) Bob Graham

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