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Strategies & Market Trends : Technical Analysis - Beginners

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To: TA2K who wrote (9208)	2/12/1999 2:34:00 PM
From: CatLady	Read Replies (2) of 12039

Re: "The stock topics are full of sheep." Nicholas, I almost never read the stock topics for stocks I'm long on. I do read the stock topics on stocks I am thinking of shorting. Sometimes the "true believers" make valuable contrary indicators, and let me know that I've found something worth looking into further. I regard fundamentals as a very important consideration for shorting stocks. For the long side, I have a database of stocks I wouldn't mind owning based on 'funnymentals'. I trade in and out of them on TA signals. I started doing better at this TA business when I stopped trying to catch every hot stock around and focused instead on a select group of "good issues", and studied how they trade in more depth. I don't doubt that those who are truely accomplished at TA can trade without ever looking at fundamentals, but for someone still learning, my opinion is that looking for positive and growing earnings will keep you out of the worst of possible troubles. P.S. As someone else mentioned, "Trading for a living' is an excellent book.

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