Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Dr. Stoxx who wrote (3048)	2/13/1999 12:31:00 PM
From: Ken Adams	Read Replies (1) of 39683

TC, I quickly visited the Litwick site the other day. My first thought was that it was geared to futures traders, which I haven't done for over a year, so I quickly lost interest in it. I just went back over there for a longer look and realize I was wrong. Not sure just how I feel about Candlesticks. I was on a Prodigy site a few years ago that had huge participation. One of the guys there took on a several month long study of the validity of this method. He shared most of what he did, got lots of valuable help from others along the way. However, he concluded that the patterns just weren't enough better than traditional TA methods to stay with it. Interestingly, I've used "stix" on virtually all my charts for years. But I do it strictly for the quick story they tell about price direction. I couldn't tell a doji from a doggy. The site I'd like to find (and I'm sure it exists, I just don't where) would allow me to set my own criteria for scanning, as I do now with Quotes Plus or WOW. Then look at the entire market and give me a list. If I could find that, I could just about abandon keeping all this data on my drive. I'd also be able to stop wondering if WOW was going to remain Y2K compliant without some exorbitant upcharge. I'll be interested in your feelings concerning litwick.com. Ken

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