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

To: gbr who wrote (7816)	1/16/1998 1:10:00 PM
From: David R. Evans	Respond to of 12039

Hello Gary, I would recommend Dahl IF you are looking for a longer-term trade. The problem with mixing indicators and systems is you tend to get lost in the trade. When you system test Dahl you almost always get very good results. A typical system test might give you 6 or 7 out of 10 positive trade (over a few years). Now those numbers might not sound good BUT I guarantee you that at least two of those winners were BIG while the losses were small. The end result over the entire time period will beat most other systems. Now all this is assuming that you are using Dahl for entry AND exit. Once you start using other indicators and systems for mixed in all bets are off until you system test the hell out of them in unison. The best way to tell is run a Dahl system test and take a very close look at the entry points. How much time passes before the stock took off AND how consistent were the runs. Now start looking at some of the other indicators and do the same thing. Once you THINK you have a good entry strategy start looking for exits. Now you will find that by changing the exits, all the entries fall apart. That's the beauty of TA. It builds character.... Just as a side note. I'm looking at a system using Dahl for entries. My problem so far is finding the right exits. After all is said and done I'll probable wind up staying with what I have now. Dave Evans