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IRA: There was no reference below
about "trading systems" The below discussions are in ref to
technical indicators ......ie: over bot over sold P/C
and the infamous ARMS TRIN indexes which have been the undoing of
many bulls over the last several
months..............best, Dorothy
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, September 29, 2001 12:03
PM
Subject: Re: [RT] ralph blook
comenrary
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. <FONT
size=-1>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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