GF:
Thanks, I've been to that site several times and gone through several of the lessons. On Stockcharts, I've grown attached to the gallery shots:
stockcharts.com
I also bit the bullet last week and ordered Dorsey's book.
The more I study TA, the more analogies I get for it. One is weather forecasting, another is painting.
But most recently I think of it as a set of tools, very similar to what you find it a real home carpenter's garage: table saws, chop saws, skil-saws, clamps, saw horses, chisels, planes, drills, drivers, sanders.
Certain of the TA tools are like chisels (specific candlestick day patterns), others are like a workbench (the VIX), others are like radial saws (daily, weekly and monthly charts). PnF TA strikes me as an excellent trend confirmation tool, but it seems to lag quite a bit, and lacks a lot of the "tinker-ability" you get with other charts and their variable time periods and infinite number of overlays. I'm not sure what tool it is, but I'm leaning toward a table saw.
Kb |
