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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (14256)	12/10/1997 12:10:00 AM
From: TechnoWiz	Respond to of 27012

Hi Paul: Thanks for that very concise explanation of the body's need for Magnesium. I notice from some of your other posts that you are an avid practitioner of Stochs, RSI, ADX , DI - Di 1/5 minute charts etc. Personally, I don't use any of the above or conventional indicators for that matter. One reason is that I find them very complicated to synchronize into a specific buy or sell signal and because they are public domain, they are prone to give distorted or false readings which can adversly affect trading performance. As a consequence, I have spent countless thousands of hours developing and optimizing my own proprietary signal indicator and I prefer to use this to the exclusion of everything else. Its most important attribute is that it's sensitivity allows me to react quickly to situations that I am uncomfortable with, (like Intel yesterday late morning / early afternoon) and I try to stick to some basic rules that go some way towards ensuring that when I get into a trade I have enough going for me that will have some free exposure to the market that it will more likely move in my chosen direction,(without it going too much against me first). I don't take much notice of anything less than 15 minutes except under extreme market conditions that justify minuet type analysis. As for the outlook for Intel over the next six months...Frankly, I am a little worried by Intels behaviour today, however I am mindful of the fact that Intel has acted this way before only to come back from the brink in a fairly spectacular manner and I am still not ruling this out. Beyond that is a tough call for now but one needs to be cautious because the risk of Oraclesque air pocket declines exists for a diverse group of tech and med stocks imo. Thanks again rgds Wiz