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Politics : Ask Michael Burke

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To: cardcounter who wrote (30536)	8/4/1998 2:57:00 PM
From: Dave Feldman	Read Replies (2) of 132070

Cardcounter-- As a fundamentalist and a non-day-trader, could I ask you questions about how you use these kinds of projections in practice? Do you sell as soon as the market goes below 8800? What is the strong volume that you look for? Do you buy nothing until the Dow hits 8500? How long do you have to wait before you know if has held at 8500? Does it have to go below 8500 before you know it has withstood this level? I agree with you that fundamental analysis is unlikely to yield trading buys and sells, but I don't understand the reverse. How does the TA stuff keep you from simply buying things when they are more expensive and selling when they are cheaper? I don't mean this rhetorically or as a bash. I'd really like to know. Dave

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