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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (365)	3/19/1998 1:30:00 PM
From: Mark	Respond to of 927

Wayne, OK lets replace SFY with ADPT. I think ADPT will have broader appeal to the other people here. Let's keep TMAR coz I think it'll be exciting ! I might take you up on more material once I've learned enough to appreciate it fully. Thanks Mark

To: Wayners who wrote (365)	3/19/1998 3:19:00 PM
From: Wayners	Respond to of 927

This is taken from a private message that might help somebody. When it comes to technical indicators, since they all have to use the same basic data of high, low, open, close and volume, it seems to me that you can only get a finite amount of information out of them. There are only so many ways to portray the relationships between those four data elements. The only additional data element is the day and time at which the data was generated. We can only get so far with the daily data using our indicators. There are plenty of oscillators that convey the same information. I use those five data elements to basically tell me three things---the price trend, the volatility, investor interest, and peaks and valleys within the trend. People just need to devise indicators that can be used to forecast each of these items into the future. Everybody's different in what they prefer, but as long as you've got a system for each of these, that's the best you can do with the technical data that is available.