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To: Chad Barrett who wrote (9930)12/3/1998 12:50:00 PM
From: John Paquet  Respond to of 26850
 
Chad;

There is no such method of surest way to beat the market as far as I am concerned. However; an intelligent applications of chart readings would assist in great degree in trading buying or selling any security in terms of making some profits.

John Paquet

BTW:
I tend to agree with you that using the last consolidated level as a starting point to figure out the retracement level for short term purpose; however; for long term I would rather use the large picture I would use the .43 as my starting points.

Have a profitable trading day.



To: Chad Barrett who wrote (9930)12/3/1998 1:43:00 PM
From: John Paquet  Respond to of 26850
 
Chad;

Let us get back our discussion about the chart and the market which are the eggs or the chicken????

I would never ever to use chart to forecast the price; but I use the chart to interprete what is or what was doing at the present or in the past. But some sort of significant combinations in the chart pattern; regonizable or understandable; I would make my decision on that.

For example; I recognize that "long dark-black shadow: candle stick indicating that market strength has reduced to a great degree, and IF [ I emphasize this IF] this similar pattern of this "long dark-black shadow" candle-stick re-occur today , then "sell" signals will be given in my own experience, why two days in a row, it has occurred this kinds of behavior{under that IF] then this kind of chart reading would certainly make me some dividend or good bonus etc.

I am not trying to overkill anything what so ever.

But certainly it would help. YAHOHOHOHOHOHOHOHO!!!!!

John Paquet