Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: peter n matzke who wrote (7475)	1/3/1998 3:41:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

For shorts, best to use IBD RS<30 stocks, in QP try <40. People try to short strong stocks, might work for short term, low % trades, but the reason so many fail. I have no idea what you are referring to as DeMark's "short" system. I have had book since first printed. Note his direction is trading futures, where your margin can be 95%, so small % moves can return big dollars. He has very few stock examples and if you look at his trades there, they are for small % moves. This is a problem with many books. Dave, Chan or someone needs to write a good stock book. Does that negate systems optimised for futures? No, it just makes it important to realize what you are looking at.

To: peter n matzke who wrote (7475)	1/4/1998 11:17:00 AM
From: David R. Evans	Read Replies (2) \| Respond to of 12039

Hello Peter, It seems like you really want to sell DeMark....... I have tested at least 10 other systems that work better then his (on the long side). I have not put much time in testing the short side so I can not really say BUT based on past experience I will say that most systems that come out of a book need to be modified to suit the trader. I DO NOT believe a system needs to work on all stocks at all times. To have a finely tuned system in an up market you need to sacrifice some of the thinks that make it a good system in a down market. Build your system to suit what you are doing NOW and worry about tomorrow when it comes. This means that you must always be on top of what you are doing at all times also. If you really want to make money stop worrying about what's not here yet and concentrate on TODAY and Tomorrows open... THAT'S THE WAY YOU MAKE MONEY, not system testing on what might be happening next month... Dave Evans