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Strategies & Market Trends : Technical Analysis - Beginners
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To: Robert Graham who wrote (7147)12/1/1997 3:13:00 PM
From: Chris  Read Replies (1) of 12039
 
Bob G.

re:
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So perhaps covering some of what goes on behind the price changes, and what happens on the floor of the exchange is just "noise" that can get in the way of the learning process of a person new to TA. However, I am just attempting to fill in some of the detail of this picture for interest, and perhaps this added information sometime in the future will help an aspiring technician's perspective of the markets, in terms of the factors that influence stock prices in the market and how they show up on the charts. I think the more that is understood about price action, and some of the "reasons" behind it, the more it will become familliar and second nature to the technician.>

I totally agree with the above statements.
for me. I would like to know the "Whys" to understand what is going on behind the market and see the "big picture" correlation. Helps me give me a logical sense of what is going on..

But i think that one should make trading decisions BASED on the whys.. that itself is dangerous. that is what the charts are for.

trading based on WHYS' will lead to --> "I believe in the company" mentality. big no no..

one has to open their eyes to the industry, sector rotation, hot sectors.. you can't simply just look at your own stocks and sit in a closed room.. sectors tend to move together. mkt tend to move together (like today).. remember. TRADE WITH THE TREND?? well. TRADE with the SECTOR.. TRADE WITH THE MKT..

great stuff bob..
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