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

To: Richard Estes who wrote (8949)	11/21/1998 3:48:00 PM
From: Brian C. Lund	Read Replies (1) \| Respond to of 12039

Following up on the heels of a previous post. Want to see what happens when rationalizations go wild, check out the Yahoo messages thread for BEAS. Then go and check the one for OXHP starting on 10/27/97, the day it lost about 65% of it's vaule. Each thread is almost a mirror image of each other. Over a year later, OXHP is about 60% lower than the day it lost 65% of its value. Who knows, BEAS may rebound tomorrow, but that is not the point. The point is that people are running around like chickens with their heads cut, coming up with various reasons that the drop is not valid, how the stock will double in a month, and why a stock that lost 50% in one day is "a buy at these levels." It really is scarry when the myth of "stocks always go up" gets punctured. It is also REALLY scarry as to how many people out there have no knowledge of TA and invest with ABSOLUTELY NO PLAN OR OBJECTIVE CRIETERIA FOR THEIR ENTRIES AND EXITS. These people are the ones who will get killed when this extraordinary bull market ends some day (and it will end some day). BCL

To: Richard Estes who wrote (8949)	11/23/1998 11:15:00 AM
From: David R. Evans	Read Replies (2) \| Respond to of 12039

Hello Richard & All, Well thank you Richard, I appreciate that...... For the MACD's, try (8-17-9), (12-26-9), (13-34-89)..... I will use either (12-26-9) or (13-26-9) for my middle MACD... There is really not much difference between them so either one will do.. Brian's method is a nice spin off and would work well.. I always believed you should add when a stock is GOING UP!!, not when it is going down... When a stock is going down, AND your systems tells you to get out, you should sell...... When a stock is going up, AND your system says it is a strong move, you should either HOLD ON or BUY MORE! In many cases this is the time when people sell to "protect profits" and they are the ones who will lose in the long run.... It's a game of %'s so you need to put the %'s in your favor..... The BEST way to do this is RIDE YOUR WINNERS!!!! Dave Evans