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

To: gbr who wrote (7716)	1/11/1998 10:52:00 AM
From: ftth	Respond to of 12039

Hi Gary, you know the old disclaimer: Past results are no guarantee blah blah blah. But seriously, I'd answer that question with a "maybe." I think it depends to a large extent what phase of its growth the company is in. For most indexes, I think it's perfectly valid to assume the characteristics are stable. But for an individual company that has progressed from penny stock with small-pocketed public investors, to some institutional following, to more public and institutional following as the "growth story" unfolds, to a barrage of professional momentum money and subsequent dumping, over the course of say 2 years, I think the chart technically breaks down into different "regions" that require different indicator types and settings to properly represent the activity and sentiment in each region. I know this is sort of an unconventional view of how to use technical indicators, but that's how I look at it. dh