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

To: Monty Lenard who wrote (11054)	1/28/2001 9:56:08 PM
From: David N. Jones	Read Replies (1) \| Respond to of 12039

Hello Monty, Could you please elaborate on how you use the moving averages and MACD's. Simple is me to a tee and for that reason I like point & figure charts however I am keen to see some of the alternative TA methods others are using. Cheers David

To: Monty Lenard who wrote (11054)	1/28/2001 10:09:43 PM
From: TechTrader42	Respond to of 12039

True enough. Your simple methods are based on observation, though, I've found -- on hard-earned experience. For example, the trick with the 200 SMA isn't something generally known, or read in a TA book, like this old rule: Buy when the price crosses up through the 200; sell when it crosses back down. But it's something more insightful, something discovered in trading. In fact, your strategy involving the 200 SMA often gives the lie to the above rule. Many might happen haphazardly upon it it while trying to get in early on a stock approaching the 200, seemingly preparing to cross above it. Many oscillator-based strategies, however simple, failed during the bear market. You had time-tested strategies that didn't fail. We can let the cultists in on the trick at the next convention, if we can get past the barbed wire and the guard towers. They might have surfaced here as part of their midwinter recruitment program. Shall we join up?