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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (29227)	11/23/1997 9:17:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Steve.. regarding time cycles for viewing chart patterns, let me modify what I said previously. A. We have so many more people using technical analysis that popular myths of analysis have, by themselves, become reasons for buying and selling. If a head and shoulders appears, sellers will respond to the pattern more than the underlying fundamentals. With quick readers like Murphy on CNBC, we've all become 15 second experts on where a stock is going to trade. This is as stupid as shooting an adult because he has a mask on, without realizing its Halloween. B. The moving average time periods, time slice selections for observing stocks via candlestick patterns and other "time" values should never be fixed. One stocks perfect stochastic of 5 and 17 is another stock's blinder. I've tried with some success using Fourier analysis to find the underlying patterns of a stocks swings. However, the most important element in the mix is to PRE-consider the time you want to be in the stock or derrivative... then back fit your time committment to your analysis. When trading for weekly in/outs the charts should give you entirely different information than for trading yearly or daily in/outs... AND the investment itself should reveal its own particular pattern of speed, trend duration and distance. Jim P.S. Your initiatives into simulation via ARIMA and point and figure is worthy of further pursuit... especially for identifying what's required for a price to exit or leap its trading orbit... (hint, hint... ) good luck.