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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (24440)	11/19/2001 7:30:39 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 52237

Hi, I'm trying for more trading profit, just small ones and hope that you are trading well and making some $$! I sold 1K Amzn shares into closing at $9.18 - Bot 2K at $6.70 two weeks ago; so keeping 1K and hoping for around $12 in December. I Sold Csco at $16+ and Yhoo at $13 about two weeks ago....then only bot some Yhoo shares back around $11 but no Csco. I sold the Yhoo shares after closing today at $16.28....and for the first time since 9-11, I shorted 1K Csco shares at $20.79 in the after hour trading....Most likely too early, but I am hopeful. Regards.

To: TechTrader42 who wrote (24440)	11/20/2001 8:27:12 AM
From: Atin	Respond to of 52237

I've read that markets trend only 20-25% of the time (I guess the studies were for 3-6 month periods since they are usually for the futures markets), so one would more than lose one's gains from a trend following system in the whipsaws when the market goes into a trading range. The first thing to do when following TA is to have some confidence in one's analysis of "trend following" market vs "trading range" market. Only then can the rest of the indicators be used with some measure of confidence. The problem is finding the indicator that can reliably tell whether the market is trending or non-trending <g> I read in Market Wizards that one of them (I forget his name) used to print a chart, tack it on the wall and look at it from across the room. Only if he could say that the chart was trending from across the room would he enter positions. Nice low-tech method - but I guess he could deal with large drawdowns!