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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (8838)	7/7/2000 2:31:32 PM
From: UnBelievable	Read Replies (1) \| Respond to of 39683

A@P People Primarily Focus On Short Trades. My overall market perspective at this time is that there is more downside rather than upside to the market as a whole. For that reason, in many cases, at this time, I am more inclined to trade short. I know why most of the stocks should come down in price, it is less clear to me why they should go up. I generally trade most of the stocks I follow up and down. I found your thread when I was first researching DIGL. I think the strategy is really good. Its simplicity is very elegant. I have been following the thread for a while. While attempts to improve on the basic strategy as described in the thread header are understandable, I wonder if the added features are worth the complexity. A lot of people do all sorts of TA and I don't know how much better they are on an ongoing basis than those just following the basic methodology. The problem, as has been noted on the thread, is stocks can stop working after a while. I think that this happens with any trading strategy. Initially the patterns are reinforced as more people become aware of them (even if they don't use the same rules to pick up the trade points) and then people and MM start anticipating the pattern and the value diminishes. I think rotating through a group of stocks would probably work as well as continually looking for new ones. After the stock stops working, if given a rest, it will probably work again (unless it doesn't <gg>. Good Trading (BTW I most frequently post to MDD concerning macro-economic factors and pick up TA from many of the very experienced people who post there.)

To: CatLady who wrote (8838)	7/7/2000 8:07:30 PM
From: Ken Adams	Read Replies (3) \| Respond to of 39683

All... A little OT, but not much. I attended a 2.5 hour introduction seminar this afternoon on the new version of TC2000. It's pretty remarkable! I'm a 2.5 year user of Quotes Plus EOD data and I love this company for its unbelievable customer service. I have read that TC2000 doesn't approach QP in this regard. But, the TC2000 software is awesome, to say the least. The software is free, of course, and they just want to sign you up for their data service for a fee. The software won me over and I signed up for a test drive. The ability to scan for an unlimited array of criteria is impressive. And, I don't have to be a programmer (which I'm miles from) to be able to utilize this feature. I know several of you BTTT'ers use this and have only barely mentioned it in the past, in keeping with the topic. But, I just had to let others know this is an attractive package. More later, Ken