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

To: Chip McVickar who wrote (11156)	1/31/2001 11:49:13 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 12039

Chip - agreed. My definition of of a TA "trader" would simply be that they use price and volume charts or some abstraction of price and volume (i.e. indicators) as the primary means of making a trading decision. As opposed to a trader who trades primarily on fundamental analysis (or news or ?). And within TA 'traders' theres a big spectrum. Systems traders. P&F. Price and volume. Black box folks. Whatever. Each trader will have their own favorite interpretation methodology. Whatever works.

To: Chip McVickar who wrote (11156)	1/31/2001 2:04:30 PM
From: Trader X	Read Replies (1) \| Respond to of 12039

Chip, I think you understand the gist of my argument. Mechanical systems are not a substitute for a basic understanding of TA. Everything else in this statement has not been thought-out very well. Perhaps it seems that way because I've painted with a very large brush and not gone into details. "TA is not about systems code." I say this because a person learning to drive a car should not be confused or dissuaded by instruction on how an automatic transmission works. Learning to drive isn't about learning the mechanical details, it's about how to use those parts in a holistic scheme to get from point A to point B. Witty and derisive dismissals (not by you Chip) are a defense mechanism to avoid seeing the truth. The truth is, the boundaries of this thread have been pushed into grey areas that compromise the intent of its creation. IMO.