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Strategies & Market Trends : Technical Analysis - Beginners

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To: Dale Wingo who wrote (8633)	9/18/1998 9:17:00 AM
From: David R. Evans	Read Replies (1) of 12039

Hello Dale, First things first... Most stocks will not look great right now.... That's why you need to look at the longer trend to see "Where they were going" before they were interrupted. Once you have separated the ones that were moving up you can BEGIN to watch them for signs of a new move up.... You are ONLY INTERESTED when your systems gives a signal on them..... Your second question is a good one. When you develop a system, it should work for all the stocks YOU WATCH!! What I mean here is simple. If you watch small, thinly traded stocks, your system should work for them. You would not care if it worked or didn't work for the big guys.... If you only watch the big guys then your system must work for them..... I would not advise you change systems to match stocks. What you would be doing then is LOOKING for a reason to buy and that is not healthy..... If your system consists of an MA Xover, you should NEVER buy until you see the MA Xover.... You only buy when your system tells you to. Does this make sense??? Dave Evans interactive.net

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