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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (23466)	6/23/2000 8:46:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 35685

Yes I do, but as you can see by they way I wrote that post I like to keep it simple. Let me tell you two reason why I like to keep simple. First a little story. Frank Zappa, one of the greatest recording artist this planet has produced, was a master in the studio. During a recording session, he would take great care to assemble his very complex songs, yet in the end he would listen to this near perfect recordings on beat up speakers fully knowing that the bulk of his listening audience had those kind of speakers. Just like Zappa listening to beat up speakers, the market is played by people that are not using the latest and greatest technical tools or for that matter using them at all. The second reason follows. The more lines, indicators, or fruitalooping <gg> numbers you use the more your are going to be paralyzed or moving in and out, forcing you into not buying or trading for the littlest of reasons, missing out the big gains. Over intellectualizing the market is big big problem for many players. Greater intelligent does not make a greater market player. IMHO. So I use charts as a visual tool (pattern recognition) to see how the market psychology has been reacting at certain price levels. But in the end I have to have news, fundamentals or market conditions to back it up. Wait I forgot, there is a third. It all has to go through my pea brain, so it has to be simple to fit through it. <gg> Greg