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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Cheeky Kid who wrote (33495)5/15/2000 11:48:00 AM
From: Jorj X Mckie  Read Replies (1) of 63513
 
I also believe that TA, and for the ones it works for is basically a tool for a talent.

I agree that TA is a tool to be used to determine when to buy and sell a given stock. It can also be a tool to pick stocks. In most cases, I don't believe that any TA should be used without fundamentals, but there are some people that can trade quite effectively without knowing one fundamental fact about the stock that they are trading.

Personally, I wouldn't buy a stock without looking at the chart first. Just like I wouldn't buy a chart without checking out the financials and business case first.

I have seen TA work too many times to discount it. It doesn't mean that all support levels hold, but when they don't it is a pretty good indication that you should get out of the stock. And vice versa with the buy signals.

I use TA for timing

Tom
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