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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Tondon who wrote (10875)	4/8/2000 10:33:00 PM
From: Crusader	Read Replies (2) \| Respond to of 12039

I know that this has probably been asked before many times on this thread but can someone tell me what would be a good book to pick up on T/A. Thanks in Advance

To: Tondon who wrote (10875)	4/9/2000 1:09:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

Hard to call, unsure of your expected time frame, type of stock or risk tolerance. Stocks are in a contraction phase or an expansion phase, you describe an entry at an expansion point or a breakout point - not a bad entry. you want to leave at an exhausion of trend, this usually occurs when volume goes beyond 2.5 times 65 day average and CCI(13) is larger than 150 or 200, I use 200. A 8 bar Ema with a 7 bar lead or right shift calls an end to expansion. Now enought way to play it is to buy the contaction when CCI(13) has been below -150 and starts up thru -150, volume should be low about 30-50% of average and price is at the 8/7 EMA looking for the start of move up. It is most effective if stock is at support of a gann retracement line. Now this might not help, but look at the above. You have to trust your choice. Remember it is not where you buy but where you sell that affects account balance.