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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (8181)	3/28/1998 11:46:00 PM
From: Chris G.	Read Replies (3) of 12039

Hi Dave! And welcome back indeed, if only for a ? time! Now, about your question/answer. I was believing the same till this last week. Tell me what you think: I had two buy signals come in from my present trading system. Both looked good graphically, though one had a sl. higher rate of return, and a higher % of win/losses, so I went w. this stock. Entered the next day and the stock has had a nice 17% run in 5 dys. BUT, the other stock announced, exactly the same entry day, that merger talks that had been going on for quite awhile were off . The stock tanked near $3 a share that day. So, in this instance, the fundamentals killed this trade no matter how good other indicators were. Not much one can do to prevent this kind of thing happening...a good lesson. Chris G

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