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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (8438)	5/29/2000 2:21:00 PM
From: John Harton	Respond to of 11051

Hi Berney Thanks Geesh, three "dear John" letters on the same day and I,m still happy.<g> FWIW Sharing some thoughts. How many times in the T/A vs F/A debate have you heard "Well first I use FA to choose stocks that represent good growth and/or value, then use TA to choose the timing of my investment."? Intro to B/A Backwards Analysis. Or roughly how I do it, with thanks for the many lessons learned here(via the Dudes) and through other studies. The universe of stocks being so large, I prefer to run a TA "snapshot" first of all the components of some reliable index, usually OEX (yer Big Boys thank you). Akin to entering the casino to look for tables where there is some "action". When these are culled into pops (bullish) and drops (bearish), I then check the fundamentals to see if I have to hold my nose to play them. So the steps are.. 1) TA snapshot (MACD,Stoch,OBV,MA,Candles) -pare list 2) FA First look (PEG values, Debt to equity changes[esp. in this rate environment]. 3) Then deeper- Return on Assets, ROE, profit margin, price to book and other financials. 4) Events check (Earnings dates, dividends, warnings, splits,M/A activity, options expiration, upgrades/downgrades,insider activity, institutional buys/sells,short interest, discussion boards commentary etc.) 5) Back to TA for behavior of market(direction) and underlying sector(INTC, SOXX, thanks MG) 6) Looking for entry points (draw trendlines, moving avg peaks and trougths, MACD signal line, 30min, 60 min Stoch) 7) Fine tune- (real time quotes, bid/ask size disparity, ticks). Don't have level II but this works ok for me, being a week, month, year trader.. not daytrader. 8) Buy - stocks or leaps for upside, puts(rarely) for downside.(Can't short IRA). I try to buy only stocks that I would consider holding should my attempt to trade go south. So how do you guys do it? All advice welcome. I certainly could use help on... 1) Fib retracements- both the "how" and the "why" 2) Stops-In particular stop loss orders where I always feel manipulated by the MM. One of the reasons I use leaps is to leverage the upside while limiting the downside( stop set at leap=0 <g>) Thanks Dudes, John PS TB I completed my TA snapshot of the OEX today, will post comments after golf (^_^).