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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (1286)	11/21/1997 6:06:00 AM
From: raymond marcotte	Respond to of 1391

stan, although not all of ta works for me, i have found the stochastics an excellent prognasticator of reversals. the mid september reversal in ivax was dead on. this morning it looks as if ivax is ready for another reversal. news is not always necessary. except of course, whatever the ta's share amongst themselves indirectly through the chart patterns they contribute to by their own trading. in the absence of any externalaties (news) there can be forecast feedback. acting in concert, but independently, certain price patterns become a self-fulfilling-prophecy for the serious ta player. the brokers are the only ones guaranteed to get rich here. they never assume any risk! ray