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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (11473)	8/29/1999 3:30:00 PM
From: Casaubon	Respond to of 14162

Candlesticks do give a clearer picture. Nison is masterful in his use of this technnique. What is most important is not individual candlesticks, but rather, formations, which are accentuated by specific individual candlesticks. I don't use point and figure, but I do subscribe to dorseywright service. There is useful commentary and it helps me with stock scans, and keeping an eye on individual sectors. There are also some useful indicators. I don't employ the P&F method because I think it misses too much of the move (I may be wrong). The thing about P&F, it will keep you are the right side of a trade, statisically speaking. You should not lose money using thier methods, because the system has clearly defined exit points designed to minimize loss. It is a matter of defining risk vs. reward, and given a large sample population you will be generating a profit. Since options commissions can be a large factor, and require a good deal of learning time and some strong math skills (my opinion), the P&F method is not a bad choice. dorseywright.com\foxapps\fwwelcome Stocksmartpro is a monthly service which provides fundamental data on thousands of listed companies, as well as some technical analysis (but this is not thier strong suit. They need to include real time data, IMO). They have a free trial. I learned of this service from Herm and decided to use it. You can also get alerts from them, on stocks you are interested in. stocksmartpro.com I use end of day charting (free) by IQC, as well as some others iqc.com quote.com equis.com askresearch.com bigcharts.com easystock.com useful sites for research moneycentral.msn.com marketgauge.com futures.tradingcharts.com home.att.net bway.net homestead.com smartmoney.com do you like a stock like CMGI? I don't trade well known stocks, they're too emotional and I can't read the charts as well. Good Luck!