Tuesday, September 28, 2004

9/28/2004 - Notes

A.M. NOTES
Nothing to add about the market. I will be adding a triple screen system to my methodology. The triple screen system basically says that you can only trade in the direction of the weekly charts. Use the daily/hourly charts for your entry.

My methodology is set now. I don't want to keep fiddling around with it. You can turn a good system in a crappy one by trying to make it "perfect." No system will be perfect. Good money management is essential due to the imperfections of a system. Lastly, you need discipline.

In summary:
1) good system
2) tight money management
3) discipline

P.M. NOTES
EPD - still moving up. Not much overhead resistance here and there ia a 7% div. Let this one run.
PIR- down today at $17.85. stop is at $16.33.











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