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To: Mike Sawyer who wrote (1926)7/23/1998 2:03:00 AM
From: Russel W. Kennel  Read Replies (1) | Respond to of 3129
 
I like the part about the importance of technical analysis. "Remember the GAP theory"

"The hallmark of successful trades, that which separates the
professional winner from the novice loser, is technical analysis. There
is no substitute. Some use it but not enough and even fewer analyze
consistently well. With the breadth of available technical indicators,
most shun this subject or barely grasp more than a few basics. In this
business, knowing a little makes you dangerous. Technical analysis is
not a toy, but a powerful weapon. Judging from our cursory review of
numerous Internet chat groups, technical analysis is only occasionally
mentioned proportionate to the great number of postings discussing
daydreams and fantasies, rumors and wishful thinking, defenses,
complaints over shortsellers and promoters, soaring hopes and crushed
expectations, and general drivel."

Russ