Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (23591)	11/7/2001 11:04:16 PM
From: waverider	Respond to of 52237

Joseph, that was excellent. TA is based on herd behavior and if it is too obvious (like stochastics sometimes are) it usually doesn't work. That's why it is important to have a series of indicators. That said, TA has saved my butt many times. wr

To: Joseph Silent who wrote (23591)	11/8/2001 12:58:13 AM
From: Susan G	Respond to of 52237

Definitely the footprints of herd behavior <g> And all hindsight of course... And since we are all seeing the same things, the obvious does usually happen. But we need to know what everyone else is seeing so we can go with the flow or contrarian if we wish. I can remember far too many times when I was a newbie and had no clue why a stock was selling...even though it was obvious to the educated. I saw falling knifes as bargains for a long time <g> So we need to study what everyone else is seeing to protect our own butts! We can go contrarian, but I for one want to know which way the critical mass is heading. I read an article the other day which made sense why this market had become so tough to trade, even for the "experts"... It said that this bear has been very discriminating and has left only the ones with a clue still standing who have knowledge of TA and FA etc. So it's tougher environment to trade now because there are fewer clueless traders and the traders left are good at what they do. Which is proven by the fact they are still in biz...and all those dabblers who made a fortune in a day on pump and dumps or net stocks by being in the right place at the right time are long gone <g> Because the knowledge was not there to back them up, only temporary luck.