Technical Analysis a la Edwards and Magee Message Board

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Non-Tech : Technical Analysis a la Edwards and Magee

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To: Jim Roof who wrote ()	3/19/1998 1:11:00 PM
From: marketbrief.com	Read Replies (2) of 40

Jim: You should pick up John Magee's book as well: Analyzing bar charts for profit. I have used these charting techniques for a long time and when I added candlesticks (Steve Nison's 2 books) to my analysis, it got even better. I consider technical analysis to be a technique rather than a system, and that it why is doesn't work for most people employing it. It is easy to buy a computer and apply the indicators, but when using them on a mechanical basis, they defeat what technical analysis is about in the first place: A way to watch the battle of the buyers and the sellers, and how greed and fear manifest themselves in the market.

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