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Strategies & Market Trends : Technical Analysis - Beginners

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To: Ronald P. Margraf Sr. who wrote (11750)3/22/2001 8:04:09 AM
From: Michael Watkins  Read Replies (2) of 12039
 
It might be good to also look at the S&P 500...

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Disclaimer:

- Technical analysis is not about "prediction"
- Therefore 'targets' on any of my charts are just likely areas where price may move to. Price being diabolical, its best to think of scenarios and develop "if x does this then do this" plans to meet each scenario
- Targets on a 5 min chart are much more reliable than on a weekly chart (pictured above) for obvious reasons, much may transpire between then and now
- Price doesn't usually move a long distance in a straight line.
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