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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (8990)	5/27/1998 11:16:00 PM
From: Magnatizer	Respond to of 42787

Chris I had a S&P 500 stock show up on one of my tougher scans tonight and was wondering what your indicators were saying. BF.B Brown Forman stock B. Looks to have a couple of days left before a real base sets in. ht david

To: Chris who wrote (8990)	5/28/1998 1:44:00 AM
From: Chris	Respond to of 42787

Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| ------ \| Respond \| To: Chris (123 ) From: dave horne Thursday, May 28 1998 1:36AM ET Reply # of 124 [TA QUOTE OF THE DAY] Most traders do the same thing. Everybody reads the same books, everybody applies the same strategies. If it were that simple, everybody would be rich. But it's not that simple. It goes way beyond that. Take the futures markets. Maybe 95-98% of the traders out there lose. What are all these people doing? I would venture to say that the majority of the people who end up losing money do so because of poor money management. I don't even think it's trade execution, it's just poor money management. Many of these traders go into denial when a position is moving against them --Hedge fund manager Laurence Conners Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: dave horne (89 ) From: dave horne Sunday, Mar 1 1998 9:51PM ET Reply # of 124 [TA QUOTE OF THE DAY]--------------------------------------- -------------------------------- I started off as probably everyone does, as a fundamentalist, and then became very frustrated with that approach. I would find time and time again that the fundamental stock facts would indicate you should own this stock or that stock and then that stock would go down, or the fundamentals would say that you should sell the stock and when you did, the stock would go up! I tried to add some value with technical analysis, and over the years I've developed an approach that marries the two disciplines. The buzzword I use is rational analysis, which is a combination of technical and fundamental analysis. --John Bollinger Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: dave horne (71 ) From: dave horne Monday, Feb 9 1998 10:03PM ET Reply # of 124 [TA QUOTE OF THE DAY] Richard Wyckoff, on market presence: Being in the market at all times is not the key to profits. There are several clear signals that warn you to pull out of the market. The first is a technical warning--your analysis gives unclear, confused signals. The other two are emotional warnings--you notice yourself relying on "instinct" rather than research and you notice a growing or chronic indecisiveness about executing trades. If at any time, you find yourself powerless to move because you haven't the nerve to trade, make trades on paper until confidence returns. Staying out of the market is as much a strategic move as being in it. Never get the idea you must be in the market all the time. In fact, plan to go completely liquid at intervals to prevent yourself from going stale, and to keep a fresh, clear perspective. It is much better to make one commitment a month that realizes a profit than to trade every day and show a net loss. Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: mike reicher (69 ) From: dave horne Sunday, Feb 8 1998 9:23PM ET Reply # of 124 [TA QUOTE OF THE DAY] ------------------------------------------------------- Richard Wyckoff Part 3: On Profit and loss: Above all, don't waste time regretting losses or lost opportunities. The only value of a mistake is the lesson it may teach; the only thought you will give to your errors will be studying the reasons for them. Working the stock market requires the courage to lose money, but risking more than you can afford to lose will warp judgment. Equally destructive and ill-fated is an obsession with amassing a fortune overnight. Don't allow actual or potential success in the early stages of learning to invest lure you into trading too large a proportion of capital. Don 't get fixed on a certain amount of profit you hope to make on any commitment. The charts will indicate the possibilities. . .but the market situation can change in 24 hours." Patience equals greater profits. This is the patience to wait for opportunities to develop and to wait for clear signals from the charts. Don't be in a hurry to get into the market simply because you have surplus cash. Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: dave horne (64 ) From: dave horne Saturday, Feb 7 1998 11:52PM ET Reply # of 124 [TA QUOTE OF THE DAY] Richard Wyckoff, on timing: After you have a list of candidates, go with the stocks that should move soonest, farthest and fastest based on your technical analysis. You want immediate action for your money and it is bad practice to hold a position for many days or weeks without getting anything out of it. Wait until you see a real opportunity. One good commitment a year will make profits of many times the interest you could earn on your money for a few months outside the market. . .but one hasty trade can set you back an entire year's interest plus the shock to your confidence. Don't chase after the move that has escaped. Your judgment will be biased by your first error and chances are you won't act with a clear mind. Look around for the next opportunity. On the other hand, don't jump in too soon and tie up money waiting for a stock to move up or down. Wait for the period of consolidation to end and let other people play with the stock until then. Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: Rainier Trinidad (63 ) From: dave horne Friday, Feb 6 1998 7:51PM ET Reply # of 124 [TA QUOTE OF THE DAY] Richard Wyckoff, on forming an independent opinion: (First in a series of 'words of wisdom' from the 'father of technical stock analysis') Anyone studying the stock market intends to remove themselves from the ranks of the uninformed public that dabbles with luck as their foremost rule of operation. A true student of the market doesn't graduate into actual trading before completing a self-imposed apprenticeship where experience becomes the teacher. Form your own opinion and try to make it so accurate and complete that you gain confidence in yourself. Be certain of your judgment before you venture a dollar in the market and don't let anyone entice you into hastily committing real money. Draw conclusions without the consultation of "experts" because every person views the market from a slightly different vantage point-which isn't likely to match yours. One expert may interpret price and volume movements from an investor's standpoint and another from a day-to-day trading outlook. The trader who is dependent on another person's opinions will not only fail to understand the market, but could very well be thrown off a proper course by offhand and conflicting opinions. Talk : Market Trends : TA Science Projects & Experimental Indicators \| Previous \| Next \| Respond \| To: dave horne (59 ) From: dave horne Monday, Feb 2 1998 10:46PM ET Reply # of 124 [TA QUOTE OF THE DAY]: "View your effectiveness not from the point of view of whether any given trade worked out, but rather on how well you handled the process. Did you follow good trading principles? Did you take the trade at the optimal time? Did you get out in a timely fashion? Did you trade an appropriate size? Did you follow your methodology? This is where you can allow yourself to judge whether you were right or wrong. Fear of loss is another factor that inhibits timely trading action. This fear can be exaggerated by memories of painful experiences of trading loss. Just as it is not possible to always be right, it is not possible to always have a profit. Having some loss is the simple cost of doing business. To trade effectively, you have to expect and accept loss unequivocally. Allow yourself to get comfortable with loss - just let yourself fall into the thing you used to fear. Don't judge your trading by a single trade. Look, rather, at a trail of trades. This will enable you to become indifferent as to whether any single trade is a profit or a loss and to be optimistic about trading, indifferent in the present and optimistic about the future. --Ruth Roosevelt