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To: Tom Trader who wrote (45150)6/6/1998 9:17:00 PM
From: Dwight E. Karlsen  Respond to of 58727
 
TT, thanks for your thoughts and observations. They make a lot of sense. I hadn't thought before about this >what matters is how much money one makes overall--not the percentage of correct/profitable trades. This entails taking every signal -- because one never knows which signals will work out and which ones will not do so.<

That sounds like good advice. For example, I have done a lot of studying of volume in individual stocks, and to a lesser extent the indexes. O' Neil is big on volume in his book "how to make money in stocks". Stresses it quite often. I've noticed countless times that volume on certain days can be an almost sure bet when determining harsh resistance levels in future days. I think that's something I'm going to work into my system, ie start giving that a higher weighting.

Have some other work to do the rest of today though. Thanks again.