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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: The Jedi who wrote (9105)11/29/1998 9:48:00 PM
From: F Robert Simms  Read Replies (1) | Respond to of 44573
 
I have used the WinMidas program some. I think the lessons are the most important. Most of the program is easy to use.

Best Wishes,

Bob

PS. WinMidas(Topfinder) is looking for the end of the bull move that started in October to finish this next week. A new one could have started with the latest lowering of interest rates.



To: The Jedi who wrote (9105)11/30/1998 10:02:00 AM
From: Peter Smith  Respond to of 44573
 
A Kiri - re:winmidas

I don't have the manual either. I read all of the lessons from Levine and find that is enough. There is not much to it. Starting support/resistance lines at "key" points where the "story" changes is about it. Of course picking those points can requirement a little judgement at times.

I have found that many stocks bounce perfectly off of these lines, but there are times when the price will continue to blow thru the line so be careful. In those instances one would look for the next underlying support/resistance line started earlier.

As for the topfinder algorithm; it requires much more creative adjustments, so I don't put much weight into its accuracy. It is another tool though. With my luck, I find myself using the topfinder as a bottomfinder, and I dream of the day when I get to sit back and decide when to cash in on a hugh pig of a profit. It would be interesting to see the topfinder at work on EBAY or ONSL right now.