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

To: MechanicalMethod who wrote (1429)	7/10/2001 6:58:29 AM
From: Arthur Tang	Read Replies (2) \| Respond to of 1471

Trendlines are defined as two points joined for the peaks and two points joined for the bottom of the curve. It is the only way to draw trendlines. However, John Murphy of the CNBC fame, started the two horizontal lines, which has the one peak and one bottom point covered. This is the trend lines that covers the support and resistance(technical analysis). You are safest to trade between the support and resistance to scalp the market makers. It makes a lot of sense, if you know that while each market maker does 16 stocks, only one will be in play(regular trendlines worked the best on the one in play) at any time. The one in play will move 300% or better. The rest of the stocks he handles, just drifts between support and resistance(not going anywhere fast because the markets are just being maintained). So, even a technician of John Murphy's statue, eventually took advantage of the market makers' tendencies(habits) or their monetary(financial) limitations. So, do you want to know which stocks each of the 680 market makers handle? Yes is the answer. Economical planning has demand side(human needs) and supply side(governmental service for the people). When demand side economy booms due to population increase of 1-2%, the cyclic sector goes up in the market. Warren Buffett makes big dough. When planned obsolescence and replacement works to perfection, then the technology sector zooms forward on Wall street. This year the technology needs half a year to fix the technical problems before business boom will resume. Once Wall street recognized the fix is coming, the earnings projection will resume too.