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If a trading system is good it will work in all types of markets.
If the technical tools only work in one type of market then they are useless
to a technical trader. A system should be able to work in both up
and down markets as well as volatile and non volatile markets. That
is why you use a trading system. It should give entry points, price
objectives and stops. It should tell you when to be in the market
and when to be out of the market. It should also provide a warning
of impending change. The other part of a system should the the selection
process. What to trade. Should it be stock, futures, indexes?
Then, which ones? It should have a money management system that fits your
account size and not that of a mutual fund. The system will tell
you to be long at times and to be short at times no matter whether it is
a bear or a bull environment. It should work in all time frames from
nano second to yearly charts. And most of all, it should have a high
degree of profitability. Have a good week end. Ira.
"Dorothy K. Carter" wrote:
Unfortunately...
the capitulation has been mainly Foreigners and Institutions.. The average
retail investor has not only not capitulated but
is still calling wanting to know if it is time to buy CSCO INTC ORCL
JDSU etc...While it is obvious that we saw a "short term" low
... I doubt that it is a low of significance............... many
of the technical tools that worked in bull markets are not working in this
market of extremes IMO. The
other key is that as long as U.S. $ is weak that even if Americans stay
with the Patriotic "don't sell stocks"... the foreigners will continue
to sell and in absence of buyers it goes down....
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