to all, and, "harkenman, brian lund, sam nizam"....thanks...answers:
* your First Lesson: two of the many reasons why GOOD technical analysis and "pattern recognition" work so much more often, so much better, than any other approach,, in all markets, are,
1) so few people take the time to learn and study long-existing historical patterns of anything, etc.---so what will work best, will often be that, which the "masses" do NOT master, dig ? while 95 % are expending tons of time and effort chasing "fundamentals" which are of little or no "directly applicable, price-predictive value (DAPPV)" historically (if they did, no one would ever lose....think about that) , my "PSYCLE sm" approach found, that, concentrating/mastering just the 5 % of things which DO directly help predict probable future price movements the most often, most consistently, which other people do NOT even know about, has yielded us the most efficient/successful results, the last decade....in other words, whatever the 95 % are ignoring or not knowing, will often be what they should be watching.... logical, non-emotional...this is true about many things in life, yes ?
2) the other big benefit of mastering "pattern recognition" (both technical/chart, and PSY-chological), is because, in the world of trading, the only 2 consistently predictable elements, are Physics, and Human Nature.... both REPEAT, the same way, most every time any stock/group tops or bottoms, and they always have....learning the signs of probable stages in the "PSYCLE sm" is what it is all about...
everything else, is often wasted effort, unfortunately for most people who have not excelled at investing....sure, many people can "get lucky" at times, but few do it consistently, over long time periods, with cut losses, no stress, good money mgmt., easily, etc.
learning to ignore 95 % of the "generally assumed important stuff", and learning the 5 % of more useful stuff, is not easy, and many people fight this, but those of us who know, and share such knowledge, sleep better, usually DO better at it, and expend a lot LESS time, and have a lot LESS stress, than others, when trading....
last, my "source" of charts, are many WEB places, and Daily Graphs, every weekend, when I literally view 2,500 individual stock charts, etc. for bullish/bearish patterns....
and, as to Mossimo/MGX, yes, it "may" be close, but "base" not quite as established as Oakley....but I AM following both, and, with a stop below recent low, MGX may indeed be OK, under $ 8., just not "as" good, IMHO.... glad to help you all... best wishes for now, keep in touch, positively, |
