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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (66786)	10/18/1999 9:03:00 PM
From: puborectalis	Respond to of 120523

"" what happens next week? First, we find out if the CPI is the second half of a one-two punch, on Tuesday. Otherwise, the week is relatively free from "dangerous" economic reports. Briefing.com forecasts an increase of 0.2%, a downward trend from last month, and it should be reassuring to the markets. Despite all the talk about October 1997, 1987, 1929, etc, the truth is, there isn't really any reason to point to an imminent total collapse. That's what everyone wants to talk about, because it is part of the stock market myth. A crash now would be 100% psychological, which doesn't make it hurt less. The overall economy and the inflation picture is still the best in the world. But you can take time to decide on the proper stock exposure for yourself. You should be doing that all along, of course, but now is a good time. And if you do really want to worry, there is always Mr. Greenspan. His speech is getting a lot of blame today for the declines, but, as Briefing.com's Chief Economist Greg Jones points out in today's Stock Brief, the blame is a bad rap, as nothing new was said. In fact, Mr. Greenspan even repeated verbatim a lot of what he said in his last policy speech. (Wish we could do that here at Briefing.com, we could go home now!) - RVG ""

To: Jenna who wrote (66786)	10/18/1999 9:15:00 PM
From: hjz	Read Replies (1) \| Respond to of 120523

You are right, PHCM always seems to come back and it is difficult getting on at the bottom but the ride is usually so large that taking 10 points here and there is not bad. HJ

To: Jenna who wrote (66786)	10/18/1999 10:50:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

e-mail: What to do or read to prepare for the Real Time Trading Forum. Really you don't need level II just yet and possibly not at all. Some brokerages have level II for free. Books to read: Basic Technical Analysis (which is all you'll need): Getting Started in Technical Analysis by Jack D. Schwager Trading for a Living Dr. Alexander Elder McMillan on Options McMillan The Visual Investor by Murphy My Favorite and dog eared: Technical Analysis of Stock Trends by Edwards and Magee Most of all try to 'understand and apply' what you are reading. Lots of technical jargon doesn't mean a thing unless it 'works' in real time trading forum. The books above make learning basic Technical Analysis a pleasant experience and not a logorithmic quagmire. Achelis: Technical Analysis from A to Z (also free on the Equis website) by the way for those of you that have Metastock 6.5, the manual has a host of indicators, their computation and interpretation that you can use. They also have 'easy to understand' CD Rom by Martin Pring which explains advanced Metastock complete with diagrams, explanations of indicators etc. Keep it simple since its the stock selection process itself: the scanning and filtering and product: the Watch List and Newsletters/Calendar that essentially does all the work. The more powerful your software, the better you can experiment, but don't get carried away. Another thing you can do that is helpful is get a subscription to Technical Analysis of Stocks and Commodities Magazine. Do this only if you feel you are reaching the intermediate and above stage, otherwise you will get indicator envy and try everything there is without proper evaluation techniques. You get formulas you can 'insert' right into Metastock. I often find indicators there that are a little more 'fine-tuned' than the usual ones and articles are very interesting even if you can't utilize them for your own trading. For example in this month's November Issue they speak of the Mass Index and it seems to be more 'versatile' than the ADX. I need to follow that up. For a broader understanding of which Indicator perform the best (in addition to backtesting).. you might try Technical Market Indicators by Bauer & Dahlquist. This is a technical and analytical work that actually rates the various indicators. e-analytics.com nice website for tutorials decisionpoint.com for general market climate indicators