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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Boom Dog who wrote (10655)	7/1/1999 10:35:00 PM
From: Richard Estes	Respond to of 12039

No I don't eyeball, I use indicators and studies. A main source of Support and resistance is Gann Boxes. E-wave provides direction and extent of move. I don't believe in patterns, I can recognize them but who has time to find them in 10,000+ stocks. Before computers, the eyeball was one of the best things we had, now patterns are a thing of the past that weren't that relibable anyway. Give a newbie, Edwards and Magee, he see a triangle and H&S on every street corner. The aspect of non-adjusted data seems logical but knowing I wouldn't want to change after 30+ years, I will get by the old way, if not fully correct.