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Re: Chart Patterns



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Richard....

Your stock base is 3800 and mine is 340.  Of the 340, maybe 50 at max are
actively considered.  I own between 20 and 25 when fully invested.  I do not
trade them per se, unless of course they are losers and then they are cut.  I
get the feeling that you are more of a trader than I am (I like to think I am
a builder of wealth).  I am looking for stocks that will have major moves.
 With a huge data base, computerization is necessary for you.  I also get the
feeling that you make many decisions....I make very few.  As a matter of
fact, the fewer I have to make the better (less chance for an error).

I do rely on fundamentals a lot.  But I do believe that a good fundamental
story with a bad chart pattern is best avoided.  I use technical analysis to
confirm the fundamental picture.

Every one should use what works best for them.  I think I will keep my
smoking jacket handy.  To me investing is an art, not a science.  But I will
never condemn someone who makes it a science.  Only we know what works best
for ourselves.

Jerry