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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (669)	12/10/1997 2:04:00 PM
From: Arthur Tang	Read Replies (1) of 1471

Danger of believing you can understand and use technical analysis gainfully or profitably, as a beginner is real. The indicators in technical analysis, having so many of them, right away becomes a suspect of the complexity of technical analysis. The first appeal is that you have to learn it to be good and make lots of profit. The best way to prove to yourself is to take one of your stock and the historic chart. Use a portion of the past chart, then apply all the tests and look at all the indicators. If you find some that works, then apply to the next part of the more recent chart. As you move to the latest chart you will become an expert of the best repute. You will be a technician. But you probably will never use technical analysis again except for the resistance and support levels. You will find that the length of time the technical analysis is good for is very very short. The 1 minute interval intraday chart will then become your favourite to estimate ebb and flow; and get your entry and exit points.

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