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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Miguel M. de la O who wrote (7714)	11/16/1997 11:50:00 AM
From: Instock	Respond to of 79469

Miguel: VectorVest is just one more tool to help get a feel for which way a stock is going. They are not 100% correct by any means! If Vector or any other tool was 100% correct, I suspect the creator of the system would be to busy getting rich to take the time to share it with the rest of the public. If there is a system for picking stocks that is 100% fool proof, none of us will ever see it. So, we have to work with the MANY tools that are available. I like looking at a stock from MANY different TA and FA view points, and look for one area confirming what another area is indicating. For instants, Doug's brand of TA shows that over a 3 to 4 month period RLLY should double in price. Much of what Vector says, confirms that it is highly likely. My own TA shows it has strong potential to double within a 3 month time frame. I believe Myron see's some potential as well. That's just FEW indicators, there are more, but you get the point. We might all be wrong! BUT, working with all the tools available I see a greater chance of being correct then not. To make good money in the markets does not require being correct all the time, just correct a greater percentage of the time then not. Everyone has different trading styles. Some buy and hold, some are in and out. Many times I will buy, sell a part on a good gain and leave some in for further gain. Try to pick up more shares on dips, sell part on spikes. Sometimes I sell half my holdings on that short term gain only to watch the price keep going up. Sometimes not. Sometimes you feel like a nut, sometimes you don't. LOL Have to run.. Have a good weekend, what is left of it! Scott