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Strategies & Market Trends : Set the Controls For The Heart of the SUN
IQ 2.050-1.4%Jan 9 9:30 AM EST
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To: PETER COSTES who wrote (434)6/18/1997 2:14:00 AM
From: Doug R   of 1156
 
Peter,

You make it sound so complex. The best way that I have found to USE TA is to combine methods rather than invent new ones (although I have invented a few that I like very much). The real key is to understand what indicator is the main focal point behind any given stock at the time you are working with it. The other indicators are then used as a means of verifying the main one. As an example, IFCI hit a high of
2 3/8 on 5/5. The key to reading it turned out to be the 55 day Bollinger Bands. One of the main people on the thread got shaken out on the ensuing pullback because it seems that he was watching the 21 day bands. The other indicators that I watch all supported the stock but it was the middle band of the 55 day that actually gave graphic evidence of support. The only problem with TA and FA is that it is time consuming. But that's what the stock market requires and it is the best game in town as far as I can tell.

Doug R

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