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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: hjz who wrote (94381)	4/20/2000 9:18:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

Gurus are as 'lasting' as yesterday's newspaper.. Yes every last one of them. Why? Because there is no long 'one' strategy, one method for reading this market or even daytrading successfully. Who has outlasted them all? William O' Neill for one and The Motley Fools for another.. Any 'trader', yes trader who is unwilling to bother and change with the times and incorporate a thorough knowledge of the particular stocks he is dealing with is doomed to be just another 'fad'.. trader following another 'guru' who has had a modicum of blind luck. If you don't know fundamental analysis and just watch charts you are just 'guessing' and hoping against hope the chart will CONTINUE to trend in the same direction. If you use 'artifical intelligence' alone, you will end up with artificial money (a.k.a. Monopoly money).. I change as well and learn constantly. I include myself in this distinction as well. Only through techno-fundamental analysis will you be a successful in all areas below.. a) daytrader b) swing trader c) position trader c) INVESTOR.. e) all of the above.. The reason I called those three buy triggers today was not JUST a result of technical analysis alone, but a knowledge of the fundamental position of the stock. Which stocks stay up longer? The fundamentally strong.. Which stocks reverse within minutes and the 'caller' heads for the hills: "the momentum stock".. This is a fact I've lived with and it has proven itself over and over in each and every earnings season for the past 5 years. . A chart without a 'background' or curriculum vitae of sorts is doomed and shirks the responsibility that comes along with proper 'homework'. A chart pattern alone has no rhyme or reason. I work hard, others work hard as well... but the 'guru' is not a word that I find 'compelling, complimentary or meaning anything other than 'the popular fad-player' for this week. A solid stock picker does not rest on any one strategy but 'hones' them down to a workable compilation of strategies for all market situations. Not checking out a stock thoroughly is like hiring an employee for a strategic, sensitive position and taking only 'his word on his aptitude'.. It makes our work much harder but if you check the results of the past 6 weeks compared with the 'momentum trader' you will see the results.