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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (6035)	4/25/1999 3:19:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

TM, You are welcome! Frankly, I'm slowly doing that for all the Big Boyz, but it takes about an hour of analysis for each one, and probably another hour to write it up so someone else could understand it. The TA science is relatively easy, all things considered. It is the Art part of it that is tough to teach. After looking at the weekly, daily and 60-min charts, what is it that is moving the stock -- HS (horizontal support), HR (horizontal resistance), MA (moving average), TL (trend lines), a DTL (down trend line), Sto (the stochastics indicator), or is it just a SMM (sixty minute mother). Further, some defy any explanation (CSCO comes to mind - just buy it and it will go up). The problem I have found with most TA books (and I've read a bunch of them) is that they try to make it seem that all stocks march to the beat of the same drummer. Stocks are individual components and each have their own characteristics. More importantly, these characteristics can change on a dime and give change, and you better be ready for it. So far, I've got the current Pivot Points identified for about 25 of the Big Boyz, but it has taken me over a week to do it. Therefore, I've come to the conclusion that I have to 1) further reduce the universe, or 2) get some other folks trained in the concept. Executing the trade is just not the issue. The goal has to be to Plan the Play and Play the Plan. That's another problem! To the Dudes, I state that I would not be at this point if it had not been for your encouragement and support. To others, I state become a part of this adventure or see it vanish before your eyes. I am beyond feeling any responsibility. That the concept works is good enough for me. TB