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To: Mike Winn who wrote (1574)11/13/1997 11:51:00 PM
From: Loren  Respond to of 60323
 
Mike -

I was not trying to express any anger or ill will toward Mauro, just that I was a little surprised at what he said.

The problem with this type of communication (message threads, e-mail) is that it's so easy to communicate words, and so hard to communicate tone... you know?

Anyway, 'nuff said. I appreciate the candor and courtesy of the people on this thread thus far. Any of you been on the PRST thread? Sometimes, it's not a pretty sight.

Now, Mike, the main book I read when starting TA (over three years ago) was Alexander Elder's "Trading for a Living". Dr. Elder is a active stock trader who also happens to be a psychiatrist. His book is great for the following:

a. Teaches 'classical' TA (e.g., support/resistance levels, chart patterns).
b. Teaches all the major TA indicators (MACD, stochastic, DMI, RSI, etc.), both the mathematical formulas and the UNDERLYING assumptions behind each.
c. Focuses on what TA tells you about the struggle between the bulls and the bears.
d. Teaches money management techniques (e.g., stop orders on the buy, stop loss techniques on the sell, etc.). Ties TA and money management techniques together to form trading systems.

Being a psychiatrist, he also spends some time in the book up front warning people about the emotionalism of stock trading.

I will say, that when interpreting TA, I believe it is supremely important to understand the assumptions/philosophies behind a given indicator/study. If you do, TA can be a very powerful tool. If you don't, it's just what a lot of people believe it is... voodoo!

Loren



To: Mike Winn who wrote (1574)11/14/1997 12:01:00 AM
From: Neil Kalton  Read Replies (1) | Respond to of 60323
 
Mike,
Exactly what type of device is needed to transfer digital pictures stored with flash memory to a PC and how much does this device cost?

Of interest: HP stated in the press conference that they are working to incorporate the Clik drive into a printer (or providing an outlet for Clik compatibility - not sure which) meaning that a Clik drive user could bypass the PC altogether when printing pictures taken with a digital camera.

Also, an analyst from HD Brous stated that the Clik drive could add as much as $1 billion in revenue for IOM by the year 2000.

-nk

P.S. I think there may be some confusion about whether the Clik is an external or internal drive. Actually, there are both internals and externals. IOM is attacking this market the same way they attacked the floppy market with the Zip drive: externals then internals. If the externals are a success then the OEMs will defintely want to begin to incorporate the internals into some of their handhelds. IMO, an external Clik drive is far less attractive than an external Zip drive. Though it should be added that at this stage in product development the Clik drive has by far much more OEM support (interest) than the Zip drive did at the same stage.



To: Mike Winn who wrote (1574)11/14/1997 12:24:00 AM
From: Esa  Read Replies (2) | Respond to of 60323
 
Info on TA

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