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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (591)1/24/1999 11:48:00 PM
From: Greg R  Read Replies (1) | Respond to of 2259
 
Keith - Its hard to compare INPATHIQUE to TA, but it really doesn't matter.

INPATHIQUE is best at predicting the long term trends and yes, where and when the trends will reverse. Short term trends are a problem because of the lack of data points. For example, from where I shorted COS to where I expect to buy it back, there are only 8 data points for the graph. Impossible to get any accuracy for plotting such a short term move on any kind of chart - INPATHIQUE or TA. That's why I need to monitor it and feel it in person.

But what I did know, for over six months now, is that COS would be dropping at this point in time as it HAD to drop down through what we call a First X-over point on its Bull-Set. What I could not be certain of until the time arrived was how far the drop would be. Would it be great enough to make it worth my time to short it.

Good investing.

Greg