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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (5104)	7/26/1998 10:53:00 PM
From: Smooth Drive	Read Replies (1) of 34811

Hello Preston, You did a good job on your initial contest. Thank you for taking the time. I had no intention of selling any of my positions. I know your rules allowed it but I was content to see what happened in 4 weeks. The fun thing for this kind of contest (at least for me) was to explain why you picked a stock from an overall market and P&F perspective. BTW, I have been carrying on some private message discussions with a few TA gurus and they have been having a two week stock contest for years. Here is the word I was e-mailed on their rules: >>The guy that runs it doesn't have a lot of time. So the rules are buy (long or short) on a Monday at the open, sell two weeks later on Fri at the close. We pick two stocks, and divide the % gain by two. Ex stock "a' is up 10% and "b' is up 0%, then your gain for the day is +5%.<< I would suggest you do something like the above to make it easy on yourself. You could increase the number of stocks but keep it to two weeks and no selling or buying after the initial pick. We can all go to MarketPlayer if we want to do one month buy and sell contest trading. Thanks again for the hard work. Eric

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