LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (1301)	10/18/1998 8:34:00 PM
From: NewKit	Read Replies (1) of 43080

LS, Thanks for that great lesson. You are one of the very rare which willing to share and guide novice along. I have to agree with you that trendline is a better one as you can project whereas stochastics need very realtime data. I think I should play with the market rather than waiting for something I expect to happen. As long as I watch out for any sign of weakless. To feel the market sentiment is not a easy task for me. I "guess" more than I'm "sure". Talking about trendline, based on the 3 month chart, Am I right to say KO's resistance is about 70 and 1650 for NASDAQ? Since chart is my only visible tool, I have to believe it. The question is which indicator tell the reliable story first. Just see how perfect YHOO repeated its history for 2 times. Will it repeat again? BTW, YHOO is going up like DELL from Apr 96 to Oct 97. I will learn to trade better and smarter but how I wish luck can alway with me. Just a wish as luck come and go but I don't want my gain go with luck.

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