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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (9184)2/15/1999 11:30:00 AM
From: Tom Halkar  Read Replies (2) of 12039
 
Hi Dave,

I think you are trying to tell Nicholas that the charts will forecast the FA before they are reported. A lot of time the price will move before the news is reported and even then that is only a momentum play. If there is some good uses for FA is to confirm what you see in the charts, but why spend all that time hunting down the information. Plus most times it to late to react to the FA and news. It already reflected in the charts. Charts are a simple supply and demand and the indicators help determine when there is a shift it that supply and demand.

Stocks are moving on what is going to be forecasted FA by investors and if earning don't meet that expectation, surprise the stock moves down in price. That one of the reason I do not like being in a trade before earning it to unpredictable. Wait for the dust to settle and let the indicators be your guide.

Have a good day!!

Tom
The Windy City

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