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

To: Ronald P. Margraf Sr. who wrote (11788)	3/26/2001 1:17:33 AM
From: Michael Watkins	Respond to of 12039

I think you have the intent of the thread correct wrong, but as you have probably found out by now, there are diverse opinions on the subject of Technical Analysis. For example, I do not believe in prediction at all, only the here and now. Sure, I have 'expectations' of where price might move to, otherwise I'd not be able to come to grips with the risk vs reward equation that runs through my mind while trading, but its not 'prediction'. Others are firm believers in prediction. To each their own way. With you I've shared something I think might be useful to you. The other thing I think you might benefit from is trend identification. Between the discussion of stops and a discussion on trend identification, you'd not be trading against the current, so to speak. I.e., generally speaking, don't be going long when the overall market is heading down. later, Mike

To: Ronald P. Margraf Sr. who wrote (11788)	4/6/2001 11:09:01 PM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

MOT, incidentally, gave sell signals around 3/25, 26 and 27, based on candlesticks and various indicators. A target of 17 was mentioned by someone, and slightly below that would have been a good target, in hindsight. I hope anyone on this thread who got in managed to get out in time, before today's massacre. If they didn't get out in March, the low on 4/3 should have stopped them out, when it closed below support near 14 (and the Donchian channel moved down). I didn't even have it in a quote sheet anymore, and wasn't aware that it had taken a hit today until someone told me he was buying at around 11.5, and then 10.5. Lovely market these days.