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

To: Richard Estes who wrote (8007)	2/3/1998 10:02:00 AM
From: Derek B	Respond to of 12039

Newbies: to try your hand at system testing, a new applet on the Net will allow comparison of systems and customization of systems. Go to: traders.com Choose Analyzer. Should you find this type of system testing useful, you'll likely eventually want to purchase, say Metastock or WOW Pro. Derek

To: Richard Estes who wrote (8007)	3/5/1998 5:47:00 PM
From: Tom Halkar	Respond to of 12039

Richard, Looking for a learning lesson here by using Intel for demonstration purpose only! Intel has gone through a big sell off over the last few trading session, typical there is a pullup after big selling like today and then it will continue it's downward trend. This is my understand from reading Stan's book on "How to profit in a bear and bull market". I use TC2000, and wonder what the general rules for the % or amoumt of the pullup or what ma's I can look at to determine the bounce back once the big money thinks the sellers have dry up? Is there a general rule for the number of days before that might happen. If you have time, please teach everyone about price consolidation for either a price run up or down and what to look for in a chart for clues. My answer is use a 180 ma on volume for determining when the sellers are drying up. Have no idea for the amount of a pullup. However I would guess 38% - 50% from yesterday's close. I know that this is a lot to ask and appreciate any help you give. So with that said, would the great teachers like Richard and other please help and clarify if my understanding is correct. Tom The Windy City