Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (1299)	12/11/1998 7:22:00 AM
From: j g cordes	Respond to of 99985

Doug, there's not much in the TA world I haven't used. My best winning streak was 34 trades without a single loss. When best it was scary how well my system at the time was working. However, I'll be honest that many of the trades and many now are gut feeling judgement calls that I "know" inside are right or wrong based on intangibles. When I've tried to only do it by the books, trades are generally common place and tend to mirror the trends of others more. I believe this is due to TA now being the most popular format for making short term investments. As its most popular its now less rewarding because it needs a good dose of anti TA. Just some thoughts.. Jim

To: Doug R who wrote (1299)	12/11/1998 7:23:00 AM
From: Debra Orlow	Read Replies (2) \| Respond to of 99985

ASHW was the latest PGDCEB I played...buying on Tuesday and Wednesday. Interesting......I played this due to the daily MACD bullish divergence with a stoch 333 crossover signal which occurred on Tuesday. Once again, TA confirms TA. I love it!!!

To: Doug R who wrote (1299)	12/11/1998 8:02:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 99985

doug.. I gave you a first cup of coffee emotional response without giving your interesting cat bounce theory a good look. Sure, that appears to be a winning pattern to trade although I'm sure your candidate list of 30% gappers is limited. The inverse of your system also probably works on gap open stocks that retrace for short selling strategies. I like your stochastic controls to help determin exits though some probably exceed the cat bounce expectation by returning or exceeding the pre gap down price.. due to news. <g> Much of the black box trading relies on increasing the certainty of trades, which usually means limiting the time of holding and %-age return expectation... in other words doing lots of small high probability trades. One can put together conditional trading programs that trade a hundred times a day, each trying only for a small but sure win. The next step taken was to do the same with extreme leverage and multiple markets. Bear in mind that currently there's a lot of automated pattern recognition and TA based trading working the markets on autopilot. Long Term Capital showed how short sighted this can be. Why don't you post when you next enter a 30% gap down for a dead cat so we can follow it realtime. That would be much appreciated. Jim

To: Doug R who wrote (1299)	12/11/1998 9:01:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Doug R: There's actually a difference between your basic, generic TA and TA done properly. Well, I respectfully disagree. When you refer to TA done properly, you seem to mean your TA. As many, I use a personal system of which I do not share the construction. Of course, I have shared the signals. If you have followed the TSO and as of late the MDA thread, you will note, that I have done a fairly good job of using traditional chart patterns to call consolidation patterns and resolutions within a day of each breakout consistently since mid July. In addition, to confirm what my own indicators are telling me, I have pointed to such public indicators as the Mc Osc, Mc Summation, Adv/Dec, MACD, New Highs/New Lows and several others. Of course, I rarely get my back slapped on the threads…<g> I am sure many appreciate your input to the MDA thread as do I, however basic techniques can and will work often when used correctly. I personally defer to my system, but I do use public analysis techniques to supplement my conviction and support my expectations publicly. And, I always read the fundamental input and others technical input. Good Trading... Regards, LG