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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Mel Long who wrote (8741)	10/1/1998 12:49:00 PM
From: David R. Evans	Respond to of 12039

Hello Mel, "Contrarian Investing" can mean many different things.... Buying a stock when it's out of favor, buying stocks when the market is going down, or buying stocks in an industry group when the group is out of favor.... I would rather buy a stock that has a strong chart and ride that baby as far as it will carry me.... The advantage we have over other people is the charts... They are road-maps to where price has been, is at, and "MAY GO". Please notice that I say may go because No one knows where a stock will go until it gets there BUT, we can make some very good educated guesses based on TA.... An example of this is LU.... I love the company and believe it will go up in the future. I DO NOT love the chart so right now I will not buy it... LU was starting to make a move up BUT just could not break through it's Regression Channel. A great case of some but not all.... That's why we develop systems that contain many tools and insist that ALL of the tools say the same thing.... Dave Evans interactive.net