Coffee Filter 102
Let's talk about WHY we made our Price/Time Pie "wedgie," constructed in Coffee Filter 101, shall we?
Now, lest you think I'm trying to backdoor your willingness to visit about buying and selling know-how, by teaching "technical analysis" on the sly, let me say this in my defense:
I'm interested in two EASILY visible, simple skillsets, that require you to know how to do 4 things:
1) squint
2) have a pie wedgie (or KCBOT "tool", or high school protractor)
3) have a straight edge or ruler of some sort
4) use a pencil to draw a straight line with assistance<g>
5) have a printer is optional, otherwise, click and view will work!
These 2 basic skillsets all investors "should" minimally employ [in my opinion,] when contemplating SELLING, the hands down winner in every investors two big choices: when to SELL or when to BUY.
Price and time valuations NEED unemotional guidelines, against which we "should" MEASURE ALLLLLL "when to sell advice" from others, whether paid for or obtained for free here on the porch and elsewhere. I suggest strongly using the Coffee Filter Wedgie Technique to evaluate all advice at some point along the individual decision curve..
TWO SKILLSETS:
One is:
How to identify/draw a trendline--
All this requires is:
1-A) a historical picture of Price and Time activity
1-B) ability to "Squint" at the visual depiction.
Two is:
How to identify/draw a price resistance region/band and it's opposite: a price support region/band
All this requires is:
2-A) a historical picture of Price and Time activity
2-B) the ability to "Squint" at the visual depiction.
ATTENTION INTERESTED PORCHERS: PRESEEEEEENT WEDGIES!<g>
At ease!
Now grab your straight edge ruler (hopefully a see thru one)
and a pencil,
and Visine to assist in relieve eyestrain from Squinting 101 about to commence.
I will leave to the most capable Jim Willie, She_x, Greg Mullineaux to name just 3, for deeper discussion into nuances and archane Technical Analysis devination, ok??
I can get in over my head on TA discussions, and wish to not do that, because said discussions could go on forever and it might irritate some porchers which I have no desire to do.
I have a couple of EXCELLENT references I DO use/rely upon, and would gladly share those to any who wish to pursue Devination Level 101 thru Level 501 and higher course work<g>
But, for the purposes of your and my discussions, I'm going to contain myself to Coffee Filter Analysis, w/accompanying straight-edge and pencil, ok?
Now here's a Visual Aid for facilitating this discussion:
cmc.net
upon which I've typed in some Alphabetical Letters to correspond our Coffee Filter Wedgie Degree markings constructed in Coffee Filter 101.
Please click on this Visual Aid URL and print it out or leave it up in a second "browser" window to refer to as we continue the Coffee Filter Klatches in next post, Coffee Filter 103.
Please note that this visual aid is:
1) a weekly price/time action visual only through Friday 19th's activity (QCOM)
2) for purposes of illustrating Coffee Filter 103 chat only.
In Coffee Filter 103, let's apply our best squintings, mental (or physical) drawing techniques and Coffee Filter overlays.
I remain,
Porcher-ly yours,
O/49r |
