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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (12708)	5/20/2002 5:17:05 PM
From: tahoe_bound	Read Replies (1) \| Respond to of 36161

For myself I prefer the "K.I.S.S" strategy of Keep It Simple Stupid in technical analysis. All mathematical indicators are derivative of price and volume. Keeping that in mind, if one has too many indicators it can lead to confusion and paralysis, at least in my previous experiences! I prefer to go by chart patterns and volumes, and see what kind of "assists" are present in the form of indicators such as macd stoch. and the rest. IBD's accumulation/distribution and RS rankings also are good indicators. Some good books I recommend would also be Stan Weinstein's Secrets for Profiting in Bull and Bear Markets, Gerald Loeb's Battle for Stock Market Profits, and Technical Analysis and Stock Market Profits by Schabacker. The latter, Schabacker, is actually a senior blood relative to Robert Edwards of Edwards and Magee fame both of whom acknowledge their work is based in large part on Schabacker's. All of these books have GREAT information on technical analysis.