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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: fedhead who wrote (26479)3/8/1999 9:37:00 PM
From: Jenna  Read Replies (2) of 120523
 
Well I am currently looking at "pattern smasher" It's a software progam that incorporates a new pattern recognition technology for finding certain popular patterns ( cups and handles, head & shoulders, wedges, reverse head & shoulders or virtually any pattern without INTRICATE FORMULAS and trading systems) instantly on all the stocks. www.kasanjianresearch.com. This is NOT A RECOMMENDATION but a 'look for yourself' as I'm not sold just yet myself.

It is my opinion and I have checked this out quite thoroughly that the best traders are the ones with the best stock selection skills and not necessarily the most sophisticated technical analyists.. They can make money with 3 picks or 5 picks and don't need 100 picks like some traders need to watch for a 'hit'. If you don't have a good 'pick' in a pivotal position for a break out, you aren't going to make money no matter what 'formula' you apply to the stock.

On the other hand if you have a great pick, a standard technical analysis approach will make you lots of money.. I've lived this theory and I've gone both ways and those I've helped 'adapt' this theory (diehard aggressive traders) have made money as well.

I find that for earnings plays 'patterns' are probably the most consistent and reliable tools to make money from. So the thing is about $1,800 and seems more user friendly than tradestation but I'm not completely sold on it just yet. I don't feel there is a substitute for a little hard research and an excellent 'stock scanning' system. So far I haven't needed tradestation but pattern smasher seems to be something I would prefer over tradestation.
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