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To: Chisy who wrote (7131)12/15/2000 12:11:23 PM
From: James Strauss  Respond to of 13094
 
Chisy:

The Wolf Wave uses a series of trendlines... Is there any magic to it? Only when it works... : >

There are hundreds of thousands of real time traders trying to outguess the other guy/gal... There will be a tendency for many of these traders to move at the same time... The trick is to try and move before the crowd... That's very hard to do, even under the best of circumstances...

Unless you're willing to do months of paper testing, I'd advise sticking with traditional support and resistance analysis as well as fundamental analysis... I've found position trading to be more effective for me... It gives you time to get a feel for the companies you are trading...

Jim