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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: John NY who wrote (26473)3/9/1999 11:37:00 PM
From: John NY  Read Replies (1) of 120523
 
I finally realized: Price breakout is the final result -
not an entry indicator.

In having no background in this stuff, I've focused too
much on price. After all, that's really all you hear about
most of the time, (in the mainstream media reports/conversation)
and isn't that what is the most powerfull
attribute? It's the goal. All the psychological aspects
of money/price may get in the way of changing your thinking
to even see anything else. So it is why it's taken me 10 weeks
to get to this point. Reading about this way of trading and
understanding it have been separate for me. Enough about me,
I think the point here is to use OTHER indicators that will
LEAD potential price breakout.

My work now is to take a break from bad trading and figure out
how to determine all of the other indicators: MACD, Stochastics,
Weak begining uptrend, Price Channels, Market Trend, Williams %R -
(trying to find info on this one), etc. Not sure what I need to
look at in a priority order, especially since time is a factor.

I got a little confused by seeing the posts declaring price
breakout; they aren't entry signals.
I now look at those as showing that the stocks to watch HAVE
moved and if I found leading indicators for them, then the
fact that their price increased is just a 'confirmation.'
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