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Strategies & Market Trends : Technical Analysis - Beginners

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To: Dave Twibell who wrote (8336)	6/3/1998 12:12:00 PM
From: David R. Evans	Read Replies (1) of 12039

Hello Dave, The debate between TA and FA has been going on since Adam first bought shares in Eve.... I do not use FA BUT know many who do and they make money.. I also know many who do not and they make money also. I've come to the conclusion that it's what you feel comfortable with that counts. What I do believe VERY STRONGLY is FA is NO GOOD at giving entry and exit points...... For that you need TA.... For anyone just starting out in TA I would suggest simple MA crosses. Put a 5-day MA, 13-day MA and a 40-day MA up on a chart and look at what it is telling you. With just these three MA's you have at least five different buy and sell signals.... You can play Price above the 5 MA and the 5 MA above the 13 MA and the 13 MA above the 40 MA as your buy OR any deviation of that set-up. For your sell you can get out quick with Price below the 5 day MA or play the 5 day MA below the 13 day MA or the 13 day MA below the 40 day MA or go longer term and play the 5 day MA below the 40 day MA...... I bet (KNOW) you can make money by just playing the 5 day MA cross of the 40 day MA... 5 above 40 for the buy and 5 BELOW 40 for the sell. Play with this set-up until you start feeling comfortable with what it is telling you before you start adding other indicators and systems. Try to find out which combinations feel right for you when you consider both Money and time. If you look at the 5 - 40 cross and like what you see as far as profit you must also ask yourself about time. Would you have been able to stay with the stock for that length of time??????? Give this a try and let me know how you make out... Dave Evans

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