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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (5681)	7/30/1998 8:50:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 11149

Ken: Cleveland? Was that Cleveland? I thought it was Cincinnati. Whatever. Wherever it was, the key word is microbreweries. Good microbreweries at every turn. But why do so many microbrews have a flowery or fruity undertaste? When I wants beer, I wants beer, not nectar. Some microbrews seem to taste like apricots. That's why I was often met strolling down the halls with reliable old Bass Ale. As for neat and new, I'm still unpacking indicators, formulas, systems, schemes, black boxes, etc. -- or avoiding unpacking them. Some microbrews in the world of technical analysis leave a questionable aftertaste, too. Indicators-schmindicators. The best formulas, I think, might be somewhat interchangeable when used by the best traders. One thing shone through in the best presentations: These were traders who used stops and let profits run. The Holy Grail had been discovered, someone called out at one talk, and it was stops. The best systems seemed to be the simplest, and yet there will always be a frenzied search for more complicated systems, more expensive software, etc. Some people think they'll win a fortune by sending in entries for magazine subscriptions, some by getting all the latest indicators, systems, black boxes, real-time data feeds, etc. The more stamps, seals and stickers that have to be applied in magazine sweepstakes, the more some people think they'll win. As the NYT said in a recent story, "The more that people have to do in a mailing, the better chance they think they have of winning." Some investment software might as well have "Attention: Unawarded Prize Deposit Pre-Authorization Form" on the box. Or: "A bank check for $945,337 in cash will be sent to you via certified mail if you trade with this software now!" I came away thinking, as I said, that the best systems were the simplest, that the cardinal rule was stops, that more software and more real-time feeds don't mean more money in the bank. For me, real time ain't time spent stuck in front of a computer screen sweating over eighth-of-a-point drops. For me, it's wasted time and wasted money -- in all likelihood, no livelihood. After seeing all sorts of approaches, I was most impressed by what people were doing with Quotes Plus 2, Metastock and Advanced Get. I saw more promise in one "HOTMACD" scan for Quotes Plus than in $3,500 real-time programs. And by the way, Gary of Quotes Plus is a terrific guy -- brilliant, eager to help and friendly. His presentation was one of the best. Some great new features are on the way later this year. Brooke