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To: AK2004 who wrote (4398)	8/10/2000 7:34:13 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 275872

Ok Albert, I am going to try to start over with you and see if we can communicate. This statement here is what I think may be many peoples problem when they try to learn TA. "While it maybe very useful but it's hard to learn and formulate" Most people (and I did myself) look at all the various technical indicators and it becomes overpowering. The mistake they make is believing that they need to understand ALL of them in order to analyze a stock using TA. That is simply not true and is a terrible mistake in my opinion. Many of the indicators are really measuring the same thing but just have different name tags on them. What I am saying is pick a couple of MAJOR MOVING AVERAGES and a couple of OSCILLATORS and learn to draw trend lines. Start there. I study many different forms of TA simply because I enjoy it but I can tell you this when it comes to putting my money on the line I use about 4 different indicators. Why 4? I try to make each one agree with the other....as Brooke would say "all get in harmony with each other or in line with each other". Don't get too many tools. What happens is that you end up not using any of them well. Just get a FEW (simpler the better as far as I am concerned) and LEARN them. Doesn't mean you have to use JUST TA. FA is just fine but I can promise you this. If you do good FA and then use TA to pick your entry point based on that GOOD FA you will be glad you took the time. Monty