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Jeff,
Brent admits it's only "mumbo jumbo for your entertainment". During the
past two weeks, I have
conducted eight financial seminars, on the west coast for Equis. The
response was very positive...why?...because a specific approach was
discussed that triggered mechanical trades. The Amerikan public wants
specific trade recommendations, not a "blur" of intersecting lines that
suggest "woulda, shoulda, coulda". Here's the same chart, with a common
indicator (Sto Osc) found on any charting applet.
We're not talking rocket science, but:
Buy the opening, the day the oscillator crosses below 20 and toss it back
and/or short when it penetrates 80.
In essence, this is what I do for all the equity I have under fiduciary
control. Pick a reliable indicator (in this example, the stochastic
relative oscillator...not my favorite, but very commonly viewed), set up
trigger levels, and "publicly" announce the day before: "I am going long or
short in the morning".
All other subjective retroviews are a waste of bandwidth.
And for you Amerikan patriots: I got married on the 4th, but have always
thought that "patriotism is the willingness to kill or be killed for trivial
reasons". Thank your red, white and blues that we are done with that
"wonderful trading thread".
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Jeff Kingery <taotrader@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 29, 2000 11:00 AM
Subject: [RT] RE: Gen: Support and Resistance -Gann Lines - CDou
> No offense, Brent, but how does one make trading decisions based on these
> lines? Sure, it looks nifty when the market appears to "bounce" off one
> line or another, but I'm guessing there are somewhere between 64 and 72
> lines on this chart. How do you evaluate the significance of every near
> approach and crossing? I can't for the life of me imagine how all these
> lines could help me decide when to enter/exit/reverse...
>
> Bewilderedly,
>
> Jeff Kingery
>
> -----Original Message-----
> From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
> Behalf Of Prosper
> Sent: Thursday, June 29, 2000 9:41 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Gen: Support and Resistance -Gann Lines - CDou
>
>
> More technical speed line, domed house on hilltop, expansion contraction,
> long volatility, mumbo jumbo for your entertainment.
>
> Although the quality of my equipment is lacking I have done my best to
show
> what it looks like when I put lines on something. This something is Sep.
> Canadian Dollar. Could there be something to it? Nah, its all coincidence
> right.
>
> I guess that one mans voodoo can be another mans victory.
>
> Prosper
>
>
>
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