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

To: Jeff Jordan who wrote (38809)	8/8/2002 6:45:23 PM
From: SpecialK	Read Replies (1) \| Respond to of 52237

Larry Dudash had an interesting post typecasting investors/traders as TYPE 1 or TYPE 2. TYPE 1 - I think the market or stock is going to higher so I'll buy. - gut feel or predictive - subjective TYPE 2 - If the stock does this, I will buy. - objective This is like the DOW at 8800 giving a buy signal on PNF. I can guess by looking at a chart that it should head higher, it doesn't care it does what it wants. On the other hand, if I use a system like PNF or MACD or following the AJC indicator that puts the probabilities of success in my favor, I'm ahead.