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To: Don Green who wrote (10837)	6/7/2003 8:28:51 PM
From: Dominick	Read Replies (1) \| Respond to of 12617

you should have some feel of the fundamentals of the economy, the market and the mood in general no matter how good you think you are with chart reading. Well, believe it or not, if you take the Wyckoff course in chart reading in which I did in 1982. That's exactly what they tell you NOT to do. No news no nothing. The decisions of buyers and sellers will show up on the chart. I'm not going to argue the point because if your way makes money, it's the right way. I make a good living with just charts so I can only vouch for me. I myself do listen to news but only to determine if I should join or fade the move. Regards, Dominick

To: Don Green who wrote (10837)	6/7/2003 9:55:32 PM
From: TraderAlan	Read Replies (2) \| Respond to of 12617

Don, Opinions are obstacles to most people because most people would rather be right than make money. <That is being rather simplistic> That's one thing I've never been called before. I can't tell you how many folks have written to me the last two months saying they weren't participating in the rally because the market shouldn't go up, based on their learned view of the economy, the market and the mood. I looked back at my comments and I made no mention of chart reading so I think you're assuming things you shouldn't. I never saw chart reading and opinions as some knowledge axis. Alan

To: Don Green who wrote (10837)	6/7/2003 11:50:33 PM
From: TheStockStalker	Read Replies (1) \| Respond to of 12617

"you should have some feel of the fundamentals of the economy"... Why "should" I have anything other than what works for me. It seem like the intro to the sentence was perhaps left off and is a bit simplistic. Maybe it should have been proceeded by: In order to be a profitable investor, you should..... or In order to be a profitable trader, you should..... For me and for certain others to make money.... To agree with Don Green, you should....... I think the statement is correct in all over the above but one (the category that I fit in). I agree with your point, chart reading is a totally subjective interpretation.... If chart reading was all that was needed it could be easily programmed. How do you program subjectivity and interpretation effectively? Brilliant people can make stupid statements, but that doesn't mean they are stupid I agree with that statement. Though I would say it increases the probabilities and I am all about probabilities Oz