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To: Little Engine who wrote (483)	10/10/2000 6:17:05 PM
From: TraderAlan	Read Replies (1) \| Respond to of 8925

LE, Personally I don't think Teresa should be spending her time trying to bring religion to someone who clearly isn't looking for it. There are plenty of places to go on SI that might suit your trading/investing style. It's like trying to defend reincarnation or the republicans. Either it works for you or it doesn't. Alan

To: Little Engine who wrote (483)	10/10/2000 11:48:31 PM
From: Teresa Lo	Respond to of 8925

TESTS: "Not here to spam the board, or to be belligerent. Hope you understand that. But I found your post to be indicative of what I am saying. 1) It can break out. Okay, it could go up. 2) It can go back into the range. It could stay the same. 3)... and then maybe reverse. Or maybe it could go down. Isn't this true of any stock?" I don't know if this will help you, particularly if your mind is fixed, but first or all, TA is here to help build IF>THEN scenarios, and is NOT designed designed to predict the future. So let's look at this example, and assume that a stock has been going up and it is about to test a high: ispeculator.com There are only three scenarios. Let's go over them again: Scenario #1: It can break out. You say: Okay, it could go up. Strategy: IF it breaks out, AND it's for real, THEN we will buy it. Scenario #2: It can go back into the range. You say: It could stay the same. Strategy: Failed test of top, sell short with targets below, back inside the range. Scenario #3: ... and then maybe reverse. You say: Or maybe it could go down. Strategy: Failed test of top, sell short with targets below, back inside the range. Price breaks the range to the downside and uptrend changes to downtrend. *Here's an article I have in this month's Active Trader Magazine, that tells you how to cash in, rather than poke fun at my deceptively simple answer:* ispeculator.com Back to our example: ORCL failed it's test of top on the weekly chart, and both targets to the downside, the 20-week EMA, and the lower boundary of the trading range, were reached. Now the question is if this range will be broken to the downside, reversing price action to a downtrend. ispeculator.com Teresa