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

To: David R. Evans who wrote (8181)	3/28/1998 10:56:00 AM
From: Jurgen	Read Replies (3) \| Respond to of 12039

David and All: Sorry, no more IBD 85/85 lists copyright problems ! Jurgen PS: David, good to have you back :)

To: David R. Evans who wrote (8181)	3/28/1998 9:03:00 PM
From: shasta23	Read Replies (1) \| Respond to of 12039

HI DAVE! Good to see you back on this board. Through your posts -a lot of them neatly in a TA file on floppy and Harddisk- i have learned a lot. I must admit that i sometimes go off to do differently than you instructed just to come back weeks later to admit your system is a good one and wise. I think i solved for me the entry problem and get closer to have a set of rules for exits( although i'm less firm on these). One thing i wanted to ask you in the last weeks is if you have a system to guess how far a move will go. If there is overhead resistance i understand that this might be the end ( i haven't learned yet to calculate the size of the overhead). But what about a move into virgin territory? Some software programs using Elliot Wave methods project a high for the next move but i don't have these methods available since i only use MSWIN. So do you use price targets and how do you calculate them or is it completely useless since the indicator will tell where the trainride ends? Any answer is appreciated and if you don't answer be sure i can understand that too... Thanks you for all the great posts of the past! Stefan

To: David R. Evans who wrote (8181)	3/28/1998 11:46:00 PM
From: Chris G.	Read Replies (3) \| Respond to of 12039

Hi Dave! And welcome back indeed, if only for a ? time! Now, about your question/answer. I was believing the same till this last week. Tell me what you think: I had two buy signals come in from my present trading system. Both looked good graphically, though one had a sl. higher rate of return, and a higher % of win/losses, so I went w. this stock. Entered the next day and the stock has had a nice 17% run in 5 dys. BUT, the other stock announced, exactly the same entry day, that merger talks that had been going on for quite awhile were off . The stock tanked near $3 a share that day. So, in this instance, the fundamentals killed this trade no matter how good other indicators were. Not much one can do to prevent this kind of thing happening...a good lesson. Chris G