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Strategies & Market Trends : Technical Analysis - Beginners
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To: Herc who wrote (10365)5/28/1999 1:49:00 PM
From: Richard Estes   of 12039
 
"I can't comprehend the psychology of M.A.'s."

That is possible. I don't look for support or resistance at MAs, just observe it.

If it is self-fulfilling prophecies then it does reflect the psychology of the market doesn't it? If a portion of the buyers react to it, that is knowledge.

You picked a straw man that very few experienced TA disciples (your word) would use as a buy/sell decision point. Just another insight to consider.

Yes, it is all well and good.
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