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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: Boplicity who wrote (62034)11/29/2000 11:55:48 PM
From: HairBall  Read Replies (2) of 99985
 
Gregory M: In reply to you post on the porch.

I am a chartist that is what I do. Every time I try to front run the charts by assigning an event trigger in advance, I usually regret it. It causes me to have a bias. I'll leave the after the fact of assigning the reasons why, to the talking heads.

Of course TA should not be used in a vacuum, as it is only prudent to supplement the charts with FA. In practice charting is nothing more than a graphical representation of the history of investor psychology and behavior. One can extrapolate from the graphics, patterns, trends lines and trigger points. When those extrapolations are properly combined with technicals based on price, volume and time, one can make high probability decisions.

Of course, one should couple the above with a sound trading/investment money management strategy.

Regards,
LG
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