Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: dppl who wrote (577)	11/3/1996 1:24:00 AM
From: Terry Blount	of 18263

I though I did technical analysis... but you're way out of my league! I'm not sure what kind of time frame you are aming at when you invest but it looks to me like you are over analyzing the minute details of nearly every transaction. I could be misguided... but I have concluded that once the technical factors and rumors/news have "kick- started" a significant price variation in a relative short period of time we enter a new game where pure emotion... fear and greed... hope and doubt -SPECULATION-...take over. The kind of info that is most useful from a technical viewpoint when emotions are ruling are the more gereral averages in a longer time frame...weeks or months in some cases. Based on my analysis I have concluded that there is simply no way ZITL could maintain it's current price level for another week. At some point fear will dominate... always does in these situations. About the only question left to answer is WHEN... can your indicators tell us ? I have a lot of questions/ideas/theories I would like to discuss with you. Obviously you have a LOT more experience in TA and I'm wondering how you arrive at the conclusions that result in your buys and sells. My use of technical analysis is totally self invented. I have no idea how the "experts" do it or how it is taught in a classroom. In fact, I've never read a book about technical analysis. I basically have studied the market (historical records) for "ZONES" or conditions that have a HIGH probability of indicating/predicting future movements. Before I did this I was buying stocks based on recommendations by authors of newsletters etc... and a really lost my ass! It took me a few months to write the utilities, run billions of calculations.. that let me to the conclusions I currently hold... but I've learned enough... or perhaps it was just luck.. that my average trades have increased from a $400 loss to $200 gain (per trade - last month).... using about 3 to 4 thousand dollars per trade. I have a feeling I'm on the right track but I KNOW that there are a LOT of people doing MUCH better!

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