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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (76608)	5/7/2001 12:36:53 PM
From: eichler	Respond to of 99985

Hey there NV, "Would I be correct to assume that TA has been right on for the past 7 months or so.." ??? Well, it would be my opinion that TA never fails, it is the interpreter of TA who fails on occasion...ggg With candlestick charting, moving averages, a veritable arsenal of technical indicators...I have yet to find myself "guessing". Since my return to trading, less than a month now, I have not had one losing idea yet. I have limited myself to trading familiar chart patterns: breakouts, wedges (rising, falling). I believe if all I ever did was trade wedges, I will be doing my best trading ever... (not that my cumulative results are anything to sneeze at...though I did give back a bunch in the spring 2000 free-fall; which the proper use of TA WOULD have prevented - my bad...!) Regards, Eichler