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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (8420)	7/11/1998 11:17:00 PM
From: Enchante	Read Replies (1) of 12039

Patterns are subjective. Indicators with trigger points for buy/sell points are objective. Richard - your statement seems so obvious now...after reading a couple of serious TA books and working my way through the part of this thread. However, during my past 20 years or so of investing, whenever I dabbled in TA I always got hung up on the patterns and never made the leap to indicators and trigger points. After reading a chapter on double bottoms I spotted them on every chart. The next chapter would discuss head and shoulder formations and they started popping up everywhere. About the only objective indicator I came across was watching price and a simple MA. This thread has made a tremendous difference in my approach to TA. In the past I looked at a few paper charts, maybe drew support or resistance lines and tried to guess which of the recent lows formed a trend. After falling on my face a few times, I would go back to my buy, hold and hope for the best style of investing. Happily this incredible bull market has even made the chimps look good. This evening I passed message 1000. I'm learning tons, enjoying WOW and getting to know some of the great personalities in this group. Carl

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