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To: Greg R who wrote (1006)2/26/1999 1:44:00 PM
From: keith massey  Read Replies (2) | Respond to of 2006
 
Please Greg

Nobody...and I mean nobody...makes 3-5% a day. Even if you take the low side of your "estimate"

3% compounded daily (not including weekends) for 2 years is equal to 2,600,000 percent on your money. Either your full of it or you are a multi-millionaire several times over. If you started with $10,000 two years ago you would be worth more than Bill Gates by now.

Yes there are trading computers that buy and sell on given technical indicators. However these are triggered when it gets to the technical point. I still hold firm that there is no possible way to predict the long term movement of a stock. However I use T.A for short term price movements all the time and firmly believe in there price predicting abilities.

Best Regards
KEITH