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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (22090)	11/19/1997 2:38:00 PM
From: Meathead	Respond to of 176387

I have all but given up on TA for predicting price moves. I still look at charts regularly to "get a feel for things". Used to use stochastics, RSI, MACD coupled with price patterns (H&S, flags, pennants, wedges etc.) volume and candles. I don't totally discount the ability of TA to spot latent pressures or trend reversals, it's just not all that reliable. I think william summed it up by saying something about unpredictable items such as news have the largest impact on day-to-day swings. Over the long term, it's growth and earnings period. Try this, backtest any trading strategy you can think of on Dell over it's ~10 year history. Not one of them can beat going long and staying there. I know cause I've done exhaustive testing using WOW. The only thing that comes close is a simple moving average crossover with a long time horizon. It falls short because of whipsaws and trading in and out. There is no majic set of indicators. If you know of a system, post it in detail here and I'll backtest it. MEATHEAD