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

To: TechTrader42 who wrote (11269)	2/3/2001 12:02:40 PM
From: Dick Brown	Read Replies (3) \| Respond to of 12039

I guess once you find out you can't predict you accept the fact that the best you can do is "Managing" the trade. Predicting, no , managing, yes.. Often easier said than done.. One must have a plan..If you trade and you do it 'seat of your pants' how can you apply this random system in the future? There were no rules, you just felt like trading .. How can this be measured? Have a plan, have a plan, and have a plan.. IMHO... Dick.

To: TechTrader42 who wrote (11269)	2/3/2001 12:09:32 PM
From: Trader X	Read Replies (1) \| Respond to of 12039

Is there anyone who can answer that? remember the chaos theory idea: "sensitive dependence on initial conditions" Take a look at the Naz five year weekly chart: bigcharts.com MACD is showing a divergence between the last two weekly lows. Also, Naz appears to have touched the bottom of it's uptrend channel already. These are longer term positives. Initial conditions to which the future should play close attention to to. BTW, notice the extreme to which MACD rose in 1999-2000. Scarey spice. On the 10 year monthly, stochastics is turning up from an oversold condition. chart.bigcharts.com