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Strategies & Market Trends : Technical Analysis - Beginners
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To: Mel Long who wrote (8726)9/30/1998 9:39:00 AM
From: David R. Evans  Read Replies (2) of 12039
 
Hello Mel,

When you use TA you try to stay away from "BETS!! You use TA to better the odds... When a stock goes down 50% there is nothing stopping it from going down another 25% or more..... Take a look at QDEK using 5 years of data. Many people thought it would bounce back after a 25% drop. Many people thought it would bounce back after a 50% drop. Many people thought it would bounce back after a 75% drop.... Many people lost money thinking about QDEK!!!!!!

News sells newspapers...... TA makes money.... When the stock is ready to move the charts will tell you so.... If it has that much ground to make up, there is plenty of time to MAKE SURE the move up is for real and plenty of TA tools to help you make sure...

Dave Evans
interactive.net
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