MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KymarFye who wrote (62647)	11/17/2000 1:22:51 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

I liked the discussion of TA theory here yesterday. There are many theories out there and I have been trying to decide what to follow and what to ignore. Charles Dow's theories make the most sense to me, especially the part about higher highs and lows = uptrend, lower highs and lows = downtrend. I think this gives some much-needed flexibility in chart patterns, because in the real world most stocks don't go up and down in a straight line, make symmetrical double or head-and-shoulders tops and bottoms, or stop right at support/resistance points. The highs-lows trend is more flexible yet it's also more objective since it's easy to tell if one price is higher or lower than another without drawing any lines. Fun-da-Mental P.S. I've quit my job in gold exploration and gone back to school for electrical engineering in Silicon Valley. You all can take this as a contrarian signal if you want. The other day one of my profs said flash memory was going to replace the hard disk soon. Go AMD!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next