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

To: Richard Estes who wrote (7687)	1/9/1998 11:05:00 AM
From: Chris G.	Read Replies (1) \| Respond to of 12039

Richard, good note. And I totally agree. The subjectivity I was talking about was only interpreting Dahl, ,and Insynch in relationship to the buy signals when they arise (see post # 7644 for my present system). Nothing more or less. I've already learned the hard way of being turned into an "investor". My other point was when I integrated at least Dahl, and Insynch as fixed values...ie..when >0 for Dahl, and >20 as enter for Insynch, the positive trades were decreased over 30-50% at times, and +/- on decreased loosing trades. It is far better to actually look at these charts individually to see if they are trending upwards than using an actual fixed value. This is what Dave also did in his IBM example awhile back. Do you agree w/ this method Richard? Chris BTW, I agree, this market is a terrible time to try to be learning TA. That's one big reason why I'm only paper trading now<g> What's your view on where this market is going?

To: Richard Estes who wrote (7687)	1/9/1998 9:23:00 PM
From: Terry Mitchell	Respond to of 12039

Richard, you are so right. I am one of those who has bought stocks based on value & stories. In fact I still have a story stock in my portfolio. Story stocks can be a very nerve racking process to endure over time, especially when the price takes wild rides for no apparent reason. It is very interesting to read the threads on stocks where the price takes a big drop and people are asking what news caused it to happen. Well there was no news and it took a big drop anyway. I have also seen the reverse happen, big news with very little change in price. My plan is to leave that all behind me and move forward with TA. I have already learned alot you, Dave and others here reading this thread for the last couple of months. I still have an awfull lot to learn yet though. Terry

To: Richard Estes who wrote (7687)	1/9/1998 9:28:00 PM
From: Terry Mitchell	Read Replies (3) \| Respond to of 12039

Richard, what are VHF and Aroonup? Terry

To: Richard Estes who wrote (7687)	1/10/1998 9:09:00 AM
From: Loren	Respond to of 12039

Richard - << For the true beginner, it probally is best to have left the market in Sept-OCT and been in money market funds. This game can take your money. << You're right... As well as charting individual stocks, I chart several market indices, including the NAZ composite. In the week ending 10/24/97, both my weekly DMI and MACD indicators gave a 'sell' on 'NASD'. They are close to giving a buy, but not quite yet. Meanwhile, the NASD is down from 1667 to 1555. If you are a dart-thrower, you would have almost certainly lost money. If you are a TA'er, you still might have. Theoretically, you can swim up a waterfall, but in reality it's quite hard!!! So, you better be sure of your system rules before you buck the overall market trend! Loren