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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (11818)	12/17/1997 11:11:00 PM
From: Simon	Read Replies (1) \| Respond to of 94695

<< If you can keep percents in your head>>> Everybody has their own method to a degree. I have worked out mine over several years. I look at charts as pictures. I see things in these pictures most people don't. For my own use, I don't want to get screwed up with percentage moves. EG: Back around Thanksgiving I was strolling through the big drug co. charts. Mrk,Bmy, etc. I ran across Wla and I saw something I had seen before. I shorted wla at 142 or 143. I made a comment about it on one of the treads and was told I was crazy. I think it went to 139 or 138, I forget. On a tuesday following I had to visit a friend in the hospital in the morning. On return I popped up the screen and saw wla down 25. I called the company I trade with to verify. I thought it was a typo. They verified and I covered the short. Normally I don't follow the big drug co's very closely. I just happened to be strolling through the list. I just ran wla on my chart as a log and it looked totally different and I never would have picked it up. I guess everybody has his own system.