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

To: Chris who wrote (33691)	4/3/2002 11:28:35 AM
From: TechTrader42	Respond to of 52237

I don't write many scans anymore. I look upon most of the symbols as so much flotsam and jetsam, tossed about on the surface of the sea that's the market. Unknown symbols tossed up in scans are for gamblers who want to put their chips on one or the other, hoping beyond hope for the big break. If TA works, you don't need to look beyond one symbol or one index. Find one (or maybe a few) with a volatility that suits your level of trading. I know of a guru who's fond of saying that "it's a market of stocks, not a stock market," meaning that stocks move regardless of the indexes. Don't follow the indexes, in other words; find stocks on the move. I've found the exact opposite to be true. Good ole Einstein showed the relation between mass and energy in E = MC2 (squared). The energy driving the markets is the sentiment that moves the indexes. Stocks are the physical masses moved by the energy in the market. Okey-doke, the nutcase formula, please: Sentiment (or Energy) = Price * Momentum squared. S = PM2 (squared). And the funny thing is that momentum, like light (c), has a fixed limit. So sentiment reaches extremes, as price and momentum do. The stupid point: It's all in sentiment, and momentum. Don't ignore them. Or do ignore them, cuz I could be wrong, cuz it's all speculation. Back to my cell in the ward. Today, Mrs. Perkins, the ward nurse, let us all out for a cheerful spell in the garden. A trading colleague ate some daffodils (the blossoms first, and then the bulbs), so we're all being sent back in. The colleague said she was frustrated by being kept away from the computer for so long. Spring isn't always compatible with trading, I suppose.