SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (2584)4/23/1998 11:48:00 AM
From: MonsieurGonzo  Respond to of 11051
 
Chris; RE:" Good JuJu "

>TA charting stuff is the modern incarnation of consulting
the Oracle of Delphi. IMHO. Know thy charts...


Yeah - like Jrgen says: don't spend your time calculating everything, or you'll never get the sentiment of the market right. Often I feel like we should just take a list of F/A sound stox, throw a dart, and buy something. What you do after you buy something is where all the chutzpah is, IMHO.

Everyone seems to have their own illusions about why the market, or some particular stock's price, moves the way it moves. (I certainly have mine!) Many folks have an essentially paranoid concept - that someone else, "they" are moving the prices around.

I try to channel my emotions into a more "positive" illusion of the market's behaviour, manifested by the magic lines on these charts. At least - I don't feel that I am being "manipulated" - that I have some modicum of control over my own investment destiny.

Still, the best returns appear to be had by choosing fundamentally sound and growing stocks, buying conservative LEAPS, and doing nothing.

-Steve