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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Shmar10 who wrote (503)11/12/1998 10:48:00 PM
From: Trader J  Read Replies (2) | Respond to of 56535
 
Shmar: Concentrate on getting news fast. Tracking volume, and getting to know the chart patterns of successful stocks. I am not a huge fan of a lot of TA, but a lot of charts are similar for those stocks that are gonna run. I especially like seeing charts with double bottoms, bouncing off of a particular resistance, or stocks that have had a slow/fast decline and have been supported at the current level and then slowly start moving up, usually on news.

Don't worry so much about the TA as reading the characteristics of a chart. Take a look stocks that have made runs, note the charts and see how many share the same characteristics.

Volume patterns are very important too. Not so much the one day spike, but over the week. Use the 5 day yahoo chart.

This may take awhile but will come in very useful.

Good luck

TJ



To: Shmar10 who wrote (503)11/13/1998 6:12:00 AM
From: Donna Carey  Respond to of 56535
 
Shmar, There's a book "Trading for a Living" by Dr. Elder, which is sometimes overwhelming, but an excellent source of knowledge. It's expensive but well worth it.
Many consider it the traders bible.
Donna