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

To: Richard Estes who wrote (7930)	1/22/1998 1:27:00 AM
From: Robert Graham	Read Replies (2) \| Respond to of 12039

I can't remember her addressing Taylor nor does the book contain any setups like his. Where did you obtain that infomation? A futures day trader I talked to over the weekend reflected on her writings. But then we covered allot of topics that day. Now that I thinkabout it, even though he did refer to her book, I think he was referring specifically to her web site when he was talking about this. Thank you for the information on her book. Have you started trading, yet? As you know, I have been trading options. I think I will stay with option trading for now. My objective is to move profits from option trading into longer term positions in stock. Eventually, I would like to write covered calls on my stock positions. One step at a time. There are so very many ways to make money in the stock market. I am finding a good approach is to do allot of initial reading and research on the subject, which includes talking to others who have been successful in the markets, and then to start trying out approaches out until a good "fit" is found. This "fit" would be an approach that would work well with my preferences to the market and temperment, a style that I can feel comfortable with that also produces success in profits. This approach of mine may change over the years and may even be one that I leave for another approach to the stock market. I first started out as an intermediate term investor who primarily used fundamentals. Now I am a short term options trader who primarily uses technicals. Matter of fact, my option trading is the reason I am thinking of skipping the purchase of a subscription to the Brookin's Buys newsletter. His track record is very impressive. I understand that he also managed to get his subscribers out of the market on time this last market adjustment. However, many of the stocks that he trades appear not to have options available for trading. Right now, I have been investigating "The Chartist" which is rated as one of the top 10 newsletters in performance for over a 12 year time period by the well-respected Hubert newsletter rating service. Still not as good as that Brookin's newsletter, but the Chartist has many more larger cap picks that do have options available for trading. Since I have limited time to search for stock picks, I hope to rely on a good source at least for initial work that I can use to narrow down the possibilities from. I may just have to develop scans for this purpose. Still, in the future I am thinking of picking up an annual subscription to Brookin's Buys once I have money to move into stock positions. I have heard good reports on "The Discaplined Trader". Is the book "The Nature of Risk" about trading? Or does the book present a more generic treatment of risk that the trader still can benefit from? Both books sound like worthwhile reading. Thank you Richard for the help you have provided me. I am always looking for more information to "sponge up" about the markets. I do not think this will end anytime soon for me. Have you heard of the MIDAS approach to tehcnical analysis? This is where instead of using continuous MAs, the author of this approach appears to use descrete, offset MAs that he refers to as "anchored" MAs. This is where a new MA is started when the stock pivots and starts a new uptrend, where there is evidence of new money entering the stock. From this he developes a hierarchy of MAs that the stock will utilize as support or resistance for pivot points. A variation of the OBV is used to determine the likelihood of the stock price in retaining an MA as a support or resistance, like the way some use the OB/OS type of indicators. Bob Graham