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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Jan Robert Wolansky who wrote (7102)	11/26/1997 9:37:00 PM
From: gonzongo	Read Replies (2) \| Respond to of 12039

Jan- first of all Happy Thanksgiving to all- I wish it to be a wonderful one for each of my friends. Secondly, Jeff had some very good points and that is that one can use TA in any situation because you are trying to measure and predict price based upon past activity. it is not a science just a form of improved probability IMO. The more you understand a stock the better I think. One to two weeks can work in any part of the trend but generally a stock trends up flattens out trends down bases and the begins again. Obviously that is a simplistic version. But a stock tends to go up faster once it gets going- there is the initial burst out of a base but just as a car needs time to get up to 60 mph so does price movement- You improve the probability of going up if you are in an uptrend. If you look at the oil rig stocks- stock RSI is giving buy signals all the way on the down side but it is hard to make $ doing this. On the other hand if you look at a RIG it has many one to two wek trades all the way up the mountain until the recent peak. So your odds are improved if you go long on an uptrend. andy