To: goldsnow who wrote (695 ) 6/20/1999 10:17:00 PM From: John Paquet Read Replies (2) | Respond to of 1239
To tell you the very truth, I do not want to own any stocks, I only want to trade, to exhange hands through that exchange tables like TSE , VSE, ASE, and NYSE, NASdaq etc...... I only keep them for a short while hopefully I could make some profits out of it no matter it is longs or shorts. The ideas of this system is making money, of cuz, I have to pay lots of commission, but this day on-line trading commission is getting cheaper and cheaper, thanks for the on-line service, it definitely save me a chunk of commission, other wise that 3% in 3% out it tooklots out of me. Now, who the hell could forecast long term picture of this stock market, who the hell could forecast that crude oil price down the road in 3-4years, who the hell could forecast that Gold prices, DOW, or NASDAQ, who the hello could forescast the interest vrates for that 3-4 years, who the hell could forecast that stuff this stuff, it has no way. The guru that you refered to from Stock House, he used that Wave theory to forcast this DOW, the FS tells you that CCC will be $14.00, You know that ElliotWave Theory which uses 8 waves as their guidline to forecast market behavior, why use this 8 wave, not 7 waves, not 5 waves, or that lucky numer 13 waves. Why??? Why no waves like me I used no wave theory. It is getting rediculous. Thses all kind of TA theory ; I can tell you none of them will work, all I can say is that sometime it will work, most of time will not. As a market trader, you watch the market by using common sene and use the simplest formula, that is buy low sell hi, or sell hi and buy low. John Paquet