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

To: TechTrader42 who wrote (11688)	3/15/2001 5:30:07 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 12039

With all deference to Ron, I also have to say that I could never recommend that a 'beginner' to technical analysis initiate themselves at the shifting (quick) sand of the pink sheet market. I'm in awe that anyone can be successful with BB stocks, but its just not a place for people new to technical analysis, or to self-mutilation in general. Clearly the ibank that pumps, er, distributes the deal can be successful. I wonder if they have a Perfect Trader system? Dislaimer, my wife is a software architect for a dot.com that hasn't dot.bombed, yet, and their paper trades (is that what they call the process?) on the BB. Myself, I just am not that happy getting into any stock that doesn't reliably trade a million shares a day or more, and in my old age I now don't bother with anything trading less than 4 million shares daily (as measured over a year). Except for a couple energy stocks, and I scale the position smaller. Ohh, I have never watched this Bloomberg TV on the internet before. They keep harping on about money flow indicator. Clearly its the number one tool in the world, infallible and perhaps useful for the HindSight 20/20 Trading System. I'd better go patent it quickly.

To: TechTrader42 who wrote (11688)	3/16/2001 11:57:44 PM
From: Ronald P. Margraf Sr.	Read Replies (2) \| Respond to of 12039

Hi Brook, Well now, that is where DD an T/As come into play. You hold on the down side an sell when the T/As say this is a good time. But you also have to have a holding position an a trading one. So depending on the price of the stock, you have 10000 to trade an 10000 to hold just incase you sold too early. The idea is to be sitting on free shares. Now here is one for you to look at. I have been in MOT. This one can be tricky. This is a definate T/Aer. Would you buy it at this price??????? Or would you wait for it to go lower?????????? Give me your take an tell me at what price you would buy it at an where your stops would be. Tell me where you would buy it based on the T/As an where you would sell it. How much loss are you willing to take? Do your thing an let me know before the opening on Monday. You see, I do do chips. If this is a board for newbees, then this is a good one for you an everyone else to run an example with the T/As. Forget the BBs. This should be an easy one for you an all the rest. Commitment, back up what you all say. I can. I think I can give an analysis of what an where Mot is going based on the T/As an the current events. TO ALL: SO TO ALL THAT ARE READING THIS POST. If you are using T/As an know the fundamentals an want to trade then this is the place to be. Compare notes an trade, don't sit on the sidelines. If you do then you are not traders nor investors. Don't let the market conditions chase you away.;-)))))))) Ron