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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (16138)	4/12/1998 5:47:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Tide; Yes there are many similarities between the race track and the stock market as well as many differences. At times I like to point at the similarities as they are often what you don't find in any of the many books on stocks, or options. I guess the people who write books on stocks never spent enough time at a race track enough to see the importent ones. ---------------------------- This is more true in playing options or futures than any were else, as they get more into para mutual betting than just trading the stocks. How ever when short interest gets high on an issue then the style of the game changes..TA people have never built in the permutations that go with a change in the short interest. They will claim that TA has it built in and relects all the aspects, but they are hard headed fools. A moderate change in short interest causes the TA to lie, as it works and reads one way when the float is normal, but will work and read another way if that float changes, and depending on with way the float changes determines which way TA will lie to you. If the float stays steady ( short interest nil or steady ) then the TA does the job fairly good. To me TA and FA both need to be used or you wind up with HA (halfassed) besides that each stock and sector has it's oun characteristics ( personality ) induced by the type of people who find it popular, this may cross sectors at times but you find a more wild ( shoot from the hip bunch) working tech stocks than any other sector, except maybe gold. c u l8r Jim