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Strategies & Market Trends : Technical Analysis - Beginners
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To: Tony Peng who wrote (8162)3/26/1998 4:24:00 PM
From: David R. Evans  Read Replies (1) of 12039
 
Hello Tony,

Good question.. It depends on the trader. Some people like trendlines, FIB, and GANN while others feel better using Indicators and Moving Averages. I think both are right and feel OK with either. I have used trendlines as exits once I have a profit secured but I never really felt comfortable using them for entries.

It is much easier using Indicators for entry because you can scan for them. Once you have a group of candidates you can use trendlines to chop down the list.

Another factor would be the type of stocks you were looking for. Are you looking for turn arounds or momentum plays? If you are looking to ride the wave up then a break in the trendline would be telling you to jump off.

Dave Evans
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