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

To: bdog who wrote (7863)	1/17/1998 10:45:00 PM
From: Loren	Read Replies (2) \| Respond to of 12039

bdog - If Larry Williams says that TA doesn't work 'very often', I'd have to say that he must have unreasonably high expectations... How much is 'not often'? 1 out of 2 trades? 1 out of 3 trades? My success rate is only just over 1 out of 2 trades, but my system netted me almost 30% between early August and now. During the same period, the market went sideways or down. Listen, maybe Larry Williams has the patience to wait years on a stock, but I don't! Years ago when I was going through my buy-and-hold phase, I quickly tired of buying and holding technology stocks that went down despite the fact that they were doubling every year! And I got tired of letting my money sit and sit in a stock while it went sideways. Now, I let TA pick my stocks... give me TA over fundamentals and buy-and-hold any day! Loren

To: bdog who wrote (7863)	1/17/1998 11:40:00 PM
From: Richard Estes	Respond to of 12039

Or he couldn't make it work in futures, where 90% lose,I never saw anything he produced that was a good system. His move to funnymentals is a little different when you talk futures. TA has worked well for me since 1968.

To: bdog who wrote (7863)	1/18/1998 7:39:00 AM
From: Chandler H. Everett	Read Replies (2) \| Respond to of 12039

Bdog.......a stock is only forced "long" is you don't have a system in place to take you out when a long trade turns south. There are always long trades to be done in any Bear Market if you are able to find stocks that have established Up trends....then you just ride them further if your signals tell you that you can. The Market currently is sloppy, but I've been able to ride TGIC from 31 to 36. Besides being a stock my firm likes, it fit the criteria of a Type One trade in GET. I may have been able to run it farther than in a true Bear Market, but I would have made "some" money if I were only doing long trades. I'm not afraid to short when the signals are right, but I AM still afraid to either buy puts or sell calls. BW Chan