MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 7 4:00 PM EST

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To: KymarFye who wrote (60723)	10/16/2000 11:16:58 AM
From: HairBall	Read Replies (1) of 99985

KymarFye: Lots of people seem to be imitating E&M, perhaps drawing from second-hand sources. The mere drawing of a triangle or diamond on a chart seems to give any analyst an aura of authority. I can't speak for others, but I don't recognize anyone as "the" authority on technical analysis much less Edwards and Magee. I am self-taught having discovering most of what I do on my own. I use tools developed by others and I also use tools I have developed myself. On occasion I come across someone that has studied a particular book and think that they have read the authority on TA, the Bible if you will. These folks often have an elitist attitude. The best technicians I have come across use a mixed bag of a few select tools that work for them. The mixed bag often contains elements and systems they have created themselves. One of the things we try NOT to do on MDD is ridicule others for contributing an honest effort at market direction analysis. There are folks that posts on MDD that are very sophisticated traders and or investors and there are folks just getting their feet wet, with a full range in between. All are welcome to contribute their views supported by analysis with the understanding contributions are up for cordial discussion and disagreement. Hopefully, we can all benefit... Regards, LG PS: From what I have read on SI by those that have recited E&M methods, my volume analysis approach is different from E&M. So far so good...<g>

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