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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ubetcha who wrote (16429)	12/7/2002 8:02:29 PM
From: Gary H	Read Replies (1) \| Respond to of 81065

Thank you all for your input and hope that some others will add to the list. Myself, I like charts. Charts are what people do, not what they say. My favorite is MACD. It can be very for-telling in most cases. It got me out of Nortel at $123.50. Watching for divergences and as one of my favorite authors on the subject, Dr. Alexander Elder, describes the MACD histogram, as what is above the zero line is the strength of the bulls and below is the strength of the bears. Elders book, "Trading for a Living" gives some very good examples of the use of indicators, but of equal importance is his chapters on the Psychology of trading. His full time practice was Psychiatry and part time trader. Now it's the other way around. Overcoming the emotional side of trading is the theme of that part of the book. As stated in his book "The feelings of thousands of traders merge into huge psychological tides that move the markets." But as we all know no one indicator or method is the answer so I look at Stochastics, RSI and Fibonacci ratio's in regard to price rise and time span, which is well described in a book by Robert Fischer called "Fibonacci Applications and Strategies for Trading". Didn't plan on getting so into it, but one thing lead to another. In any case good luck to all what ever you use. Cheers,