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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (3941)	9/14/1999 4:13:00 AM
From: robert b furman	Respond to of 18137

Hi T, Up early in the morning also hey ?? Well my chip and chip equip co. got slapped yesterday, but man did the little internets look nice (biotechs and telecom as well)? This market hid some very nice rotation yesterday. Just wanted to thanks for all of your enlightening work that you post.I've been trying to use it on AMAT and it seems to be very "predictive". Now if I can only learn to follow and be as nimble as it requires. Thanks again and I hope you have a great trading day today Bob

To: Teresa Lo who wrote (3941)	9/14/1999 7:21:00 AM
From: HairBall	Read Replies (2) \| Respond to of 18137

IS.Com: I think TA is not very useful as a predictive tool and I've written a bunch of articles here if you have the time or inclination Much of TA is subject to interpretation, not an exact science. Like many disciplines, it is only as good as the individual using it. Regards, LG

To: Teresa Lo who wrote (3941)	9/14/1999 8:52:00 AM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

T, Good comments in regard to the art vs science of TA. I'm doing a series of articles on the interaction between patterns and technical indicators. My point of view is always that indicators support the pattern, not the other way around. The obvious test is trying to trade solely off a pattern vs trying to buy or sell because a stock is "overbought" or "oversold". But the greatest limitation for traders acting only on patterns is the tendency of their minds to order and organize random information. This allows the eye to see structure where none exists. This is a terrible pitfall for new traders who have heard and read a little about TA and think it's easy. They trade the non-existent patterns and get their clocks cleaned. It all goes back to the left brain/right brain thing. Most times, we need both sides functioning in order to reach sound judgements. Technical indicators filter out the mind's organizing function so real patterns and opportunities can be seen. Of course, there are old crows, like the undersigned, who can generally trade patterns well without indicators. But that itself is deceiving. I've spent so much time learning and understanding the indicators that I usually know how a stochastics or RSI of MACD will look at any point just by looking at the pattern development. Alan

To: Teresa Lo who wrote (3941)	9/14/1999 11:42:00 AM
From: Digger Sacket	Read Replies (1) \| Respond to of 18137

Hi: You trade largely using 5 min and 15 minute time frames. Day trading. Would the same principles apply to using say daily and weekly time frames - that's to say, can you use the same principles for swing or positional trades? Referring especially to bull/bear flags, 2B set-ups, 20 period MA's, support/resistance lines. Digger

To: Teresa Lo who wrote (3941)	9/14/1999 3:30:00 PM
From: J.S.	Read Replies (1) \| Respond to of 18137

Thanks: I will check out the links. joe

To: Teresa Lo who wrote (3941)	9/14/1999 10:45:00 PM
From: marketbrief.com	Read Replies (2) \| Respond to of 18137

Folks may find my new article relevant given the recent discussion on the thread about when to begin thinking about shorting a rapidly rising stock, without taking on the risk of "scaling in" to something that is going up and up and up. intelligentspeculator.com ~Smart$