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

To: Dick Brown who wrote (9182)	2/10/1999 12:10:00 PM
From: Richard Estes	Respond to of 12039

We would expect that any change in price or trend would signal well chosen systems or indicators to give you entry/exit points. So externals like interest rates, analysts manipulation, etc will show up in price. It seems more logical to wait for that.

To: Dick Brown who wrote (9182)	2/11/1999 8:49:00 AM
From: David R. Evans	Respond to of 12039

Hello Dick, Thanks for the Welcome, it great to be back..... I know exactly what you mean and I agree. The problem is I would not want to be "stuck" with a great company when its stock price is going down... I would rather get out when Dahl or MACD (13-34-89) tells me to. You can always get back in when they turn up later in the year.... The thing we have to recognize is there are many ways to make money in the market.... Many people pick out what they believe to be "good Companies" and hold their stock for 10 or 20 years and make money.... Other's like to trade in and out of these same companies and they too make money..... It's really a case of finding the type of trader or investor YOU ARE and then developing a system that fits.... I do not use FA in any form.... I do not look at PE or P&Ls or any of the such.... I only look at the charts.... I do filter my database which at this point in time contains around 60 stocks.. I look for the stocks that are moving like COOL, EGGS and a few others plus the stocks like PFE & GM & MSFT that I know are capable of moving 10 or more points in a week or so.. I then review my charts each day and night looking for entry and exit points.... It may not be the best system in the world but it works for me... Dave Evans