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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bazan who wrote (12024)2/8/1998 5:35:00 PM
From: Doug R  Read Replies (1) of 79270
 
Miguel,

"btw - can you tell me the TA s/w you currently use and whether it's appropriate even for beginners?"

I use a program called Parity. I download my historical data from AOL then run it through a reformatting program called AsciiConvert v1.8 before loading it into Parity. I like Parity because it allows me to use a 2, 1, 2 stochastic and has point and figure charting for fun. It also allows me to draw pretty accurate lines and has moving linear regression which I have found very useful.

Any program that has stochastics, moving avgs., RSI, Bollinger Bands, MACD, OBV, MoneyFlow, line drawing and a good visual presentation will be very useful to you no matter your level of TA. I would suggest ALOT of practice with it before putting money behind what you come up with. I've posted about a thousand things to look for in a bunch of indicators but it's a wide open field so anyone could establish new innovations.

Good luck with whatever you use,
Doug R
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