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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: frict_inv who wrote (928)	1/9/2022 8:09:54 PM
From: WEagle	Respond to of 1798

Welcome frint_inv, glad to have you here. I am an engineer also, but I am in the process of retiring. I currently work only a very few hours a week because the people I work with don't want to completely lose me just yet. As an engineer, I would also like a more quantitative approach. That would allow for a program that could analyze the charts. Unfortunately, my feeling is Ted Warrens methods are part art. One of the many things that frustrated me as I read the book (and I've read it four or five time) is his 45 degree rule on his cross-over to the fast rise part of the move towards a top. You will immediately realize that the scale of the plot affects the appearance of the slope if simply measure in degrees. You have to use a mix of experience and feel. I don't have a lot of time at the moment but we can have future discussions. For now I recommend the discussions of what is desirable chart action mostly between Investolator2000 and me with some words of wisdom from Robert Furman. Start looking back in 2020 through this past year. Don't read the book one time and assume you got it. Every time I read it I pick up some additional nuance that I had previously missed. Happy Trades to You. WEagle

To: frict_inv who wrote (928)	1/10/2022 6:11:46 PM
From: investolator2000	Respond to of 1798

Hi frint_inv, I also would like to welcome you to this group. Unlike you and WEagle, I come an accounting background, however, that does mean we like to have things precise even in our everyday life. In regard to the 45° line, two rules apply. First, your expected 100% mark-up or more has been reached (depending on the length of the base) and second, the volume must have increased to the point that it shows that the public has fallen in love with it. Of course, unfortunately, there are always a few exceptions. This is where we all learn what to do from our own experiences. The very first rule of Ted was that if you buy with the right formation, never sell at a loss. I have had stocks that went negative for some time before it changed, and I was able to sell for over 200% profit. Once again, welcome, and never be afraid to ask questions. I2000