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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris G. who wrote (7359)12/30/1997 8:38:00 AM
From: Chandler H. Everett  Read Replies (2) of 12039
 
Chris......what you don't know is that my day job is in the portfolio management business, so I have to look at a longer term perspective for my clients. A weekly chart gives me a smoother (and I hope more saner) picture of what the stock has been doing and may do. I have found that looking at the weekly picture allows me to filter out some of the "noise" that some indicators looked at on a daily chart give, especially for more volatile mini-cap stocks. I got my start looking at stocks using point and figure charts, which I turned at a 90% angle in order to see which way the stock was "tipping". If it looked like the stock was about to fall over because of its weight, I felt I was being given a signal of future strength or weakness depending on which way the stock was supposed to be going. I've never lost my need to look at this longer term picture. I should add that my exit strategies are all day-chart based.

BW Chan
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