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Dom, all-,
True, but one should not neglect events that "make the charts", meaning
sometimes charts say one thing and an event and the price reaction to it,
makes the chart say quite another and therefore a different story unfolds.
We need to be flexible enough in our trading to accommodate this. Charts
rule until they fail, one good reason depending on your trading timeframe to
avoid major events that have been built up to be market movers. It is OK to
stand aside at times and let the story be told?
don ewers
----- Original Message -----
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, December 06, 2000 9:46 PM
Subject: Re: [RT] Dow
> My belief is that technical analysis already reflects ALL,that is known
> about a stock including all fundamental factors. I believe that is the
> standard belief of technicians. It seems that is what you are also saying.
> My original email to Bob may have been ambiguous.
> Dom ----- Original Message -----
> From: "Ira Tunik" <ist@xxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Wednesday, December 06, 2000 10:03 PM
> Subject: Re: [RT] Dow
>
>
> > Those factors would all have been factored in before you selected the
> stock to
> > trade. They would be terrible if you were looking for a short in a down
> market
> > and they would be wonderful if you were looking for a stock to trade in
an
> up
> > market. After the selection, you would trade it technically. Ira
> >
> > Dom Perrino wrote:
> >
> > > Bob,
> > > In your opinion,what would you consider key differences between a
> technician
> > > and a fundamentalist ( like yourself ) if both let the market tape
call
> the
> > > shots on a day to day basis, and, as you well put it, keeping the
> account
> > > healthy.
> > > It would seem to me that the technician would have an easier job since
> on a
> > > short term basis p/e, book value,sales, balance sheet, current ratio
> > > etc.would not need to be factored into the trade .
> > > Dom
> > >
> > > ----- Original Message -----
> > > From: "Bob" <bobskc@xxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxx>
> > > Sent: Wednesday, December 06, 2000 1:21 PM
> > > Subject: Re: [RT] Dow
> > >
> > > > An elitist? I hope not and I certainly hope that you detect a man
who
> > > > doesn't send insulting comments about someone he knows nothing
about.
> > > >
> > > > As to the content of my mail, I was trying to state that as long as
> > > > liquidity and beta are the principal drivers of the nas while value
> and
> > > > common sense take a back seat, all gains should be viewed as
temporary
> and
> > > > unsustainable. As to "burning flesh", I don't care which way this
> market
> > > > goes as long as it goes .. I let the market tell me what to do on a
> day to
> > > > day basis and I don't fight the tape. My account is healthy .. I
hope
> > > > yours is as well.
> > > >
> > > > Bob
> > > >
> > > > At 03:35 AM 12/6/2000 -0500, you wrote:
> > > > >Bob,
> > > > > I've been a student/investor for many years. Sounds to me
like
> > > you've
> > > > >become "insulted" that the mob out there doesn't have your
> intelligence
> > > and
> > > > >prescience.
> > > > >
> > > > > Do I detect the burning flesh of an elitist?
> > > > >
> > > > >
> > > > >To unsubscribe from this group, send an email to:
> > > > >realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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