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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: David R. Evans who wrote (7449)	1/2/1998 3:25:00 PM
From: Jeff Grover	Read Replies (1) \| Respond to of 12039

Dave, Great to have you back, but I gotta tell ya, I'm getting tired just trying to keep up reading what you write. If it wasn't so good I'd be annoyed by it, but because its so good I've been saving it to disk. Keep up the great work. Hope to have you around a bit more in the coming months, looking forward to seeing you at TAOTL. BTW: You might want to check the max rate your keyborad is rated for, wouldn't want to void the warrenty. warmest regards

To: David R. Evans who wrote (7449)	1/2/1998 3:39:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

Some comments: The trend is your friend. Don't try to buy at bottoms, wait til the trend is established. Dahl and MACD(13,34,89) are good trend indicators with o triggers. Even if you don't use them for entry/exit make sure they have idenified the trend. In a short trade, you still want a trend, only a down one. E-wave can give a total picture tied with Fib and Gann to provide a "prediction" setup. Break of major support is the key. Channel analysis is a good way to play a short. Why do most shorts fail? the difference in speed, stocks go down faster than they go up. a stock going from 25 to 10 is 60% move, a stock going from 10 to 25 is a 150% move. There just isn't the money in shorts. You have quick moves for small percentage moves. The state of flux in the market since august brings a "point" mindset into play. We look at a stock moving from 50 to 60 in a couple of weeks and think that higher priced stocks are moving. 50 to 60 is same as 2.5 to 3, 5 to 6, 10 to 12, 20 to 24, etc. I think if anyone checked the top 100 % movers for past month, 6 months, or year, you would see only about 30% fall into high cap stocks. It requires some stock selection where I think canslim is best method. Everyone should reread the "book" by O'neil. and get rid of yellow dresses.