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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Petty who wrote (10519)	6/6/1999 12:32:00 AM
From: Christopher	Read Replies (2) of 12039

Hi David, I spent $22,000 in cash on my new car and the money came from profits I made trading. I am not only a reader but also a trader. People use labeling on this thread to cover up their failure to answer questions when it comes to TA. Example are many. He is a reader and not a trader, Murphy and Pring write books for beginners. If they don't know the answer when it comes to TA then it is for beginners and not used by "ADVANCED" people such as themselves. I live in Boston but I don't think it is big enough to house their ego in case they decide to visit it. Herc gave Richard three chance to explain to him the psychology of MA and Richard failed in all three occasions. When I provided Herc with an explanation, he was very thankful, he complemented me on my analogy, and he said he was going to buy the book I quoted. The best Richard could do to explain his failure to provide Herc with an answer was to Label Elder and shoot him down. Murphy and Pring books are not just for beginners but are very advanced(This includes books they wrote over ten years ago). Richard does not know anything about these people whatsoever and can make no comments on their accomplishment at all. Both are always quoted in TASC by best money managers in the nation. They created Intermarket Analysis and have advanced it very far and I am sure Richard knows nothing about Intermarket Analysis. He also does not know what an Oscillator is and needs a definition. Many articles have been written on Oscillator in TASC and they are hardly ever defined and always assume the reader knows what an Oscillator is. On the other hand, Richard althougth he knows it all he still needs a definition. He does not use ADX correctly but is a quick to say is not good. An indicator is as good as the person using it. I know I use it correctly and I also know many people use it incorrectly. Richard TA is over 20 to 30 years old. He does not think that advanced people make a use of MA(this is a joke!!). They say you should let your profit run and cut your losses. MA helps do just that. I think Richard has an ego the size of Boston and NY combined. He won't admit he is wrong no matter how foolish he may look in the process. I have know many people like that. You are wasting your time with him. Christopher

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