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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: charles messick who wrote (1615)	11/22/1997 1:02:00 PM
From: David M.	Read Replies (1) \| Respond to of 11708

Chuck,Al And I are 56ers.This isa group of us on SI that Do technical Anaylisis,Doug R is the Head honcho.There are three threads plus a library thread with all the research done on what we term the POW. Which stands for pick of the week.This is all i will say on the subject here go to the search at the bottomand copy this in and your on your way.MIMBO is a charting term to describe a pattern in a chart, First go see what you want and then ask away.It is a lot of fun.And you will learn. David M. copy this:The 56 Point TA; Charts With an Attitude

To: charles messick who wrote (1615)	11/22/1997 9:49:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

MIMBO must be proprietary to some TA thread. I checked Alta Vista and they all point to some guy Doug R. May have to do with Momentum? As for TA, let me relate to you what I have seen using OmniTrader. It uses TA to determine whether to go long or short. It claims to have a high success rate. For CSMA, it was a neutral, even when it started to move. I rerun tests every options expiration Friday(every four or five weeks). When I re ran the tests yesterday, lo and behold CSMA had become a long way back when it was still in the 20-25 cent range. What hindsight!! Had I not re-run the TA tests, it would still be "no position" (coming off of a short that was closed for a loss). I've listened to the TAs talk about candle patterns, evening stars, haramis, head and shoulders, cups and handles (do you believe these names?). I don't doubt that for certain types of rolling stocks it works fine. BUT AIN'T A TA GURU ALIVE THAT WOULD HAVE CALLED COCONINO!! And all one has to do is introduce one scintilla of fundamentals, and the whole thing goes completely out the window. I defy anyone to use TA in the weeks just before earnings reports. Too much randomness for me. I now use OmniTrader(in conjunction with Telescan) to look at the nice graphics. TraderGreg