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To: Teresa Lo who wrote (187)	10/3/2000 1:34:37 PM
From: davealex	Read Replies (1) \| Respond to of 8925

Does your group use Japanese candlesticks with Western Methods? Well, there are people of all different trading levels in the room -- from just learning to trade to extremely experienced traders -- but yes, the way you described in your article is the way many of us trade. One of our most profitable and stable plays is buying the opening 15 or 30 minute high on the day following a Black Marubozu which closed near multiple timeframe support. We scan for these every night and have them staring us in the face at the open. Once you are in, and you combine realtime 2, 5, and 15 min candlestick analysis (and monitoring daily support and resistance), you can generally see if it is going to take you where you want to go or if you should just take your initial thrust and bail. Most traders I know partial out at $1, move the stop to BE and move on to find other setups. Some partial twice and then trail under 5 min bases. These plays can generally run back up as large as the Marubozu it is countering, with light basing pullbacks. The strength of the run, of course, is tempered by the overall mkt. Dave

To: Teresa Lo who wrote (187)	10/3/2000 2:52:30 PM
From: CharlieChina	Read Replies (4) \| Respond to of 8925

Your partially right .... Teresa ...the one problem with TA today is that it does not take into effect the ... the Screen Painters .... these are organizations set up with a tremendous amount of capital in offshore venues who are designing and building program trading systems that manipulate price and volume that specificaly triggers the buy or sell models of the people using TA ... every day ... we see hundreds of people on Silicon Investors getting fooled into buying and selling stocks each day because they are using TA and don’t understand the new unfolding dynamics of program trading and TA manipulation ......

To: Teresa Lo who wrote (187)	10/3/2000 2:52:52 PM
From: Leland Charon	Read Replies (1) \| Respond to of 8925

Teresa, I primarily daytrade stocks and have done so fulltime for going on (4) years now. What a wild and crazy ride it has been. In my eyes basically trading just comes down to risk and reward. Currently I am just trying to come in each and everyday and execute my strategy based on risk reward. I just try and be in the "right" stocks each day and let the stock (not necessarily) the market tell me what to do. Not really sure if this makes sense but I am trying to make my trading as simple as possible. Leland