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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Rick Ramirez who wrote (16974)	7/5/1998 7:44:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69744

Rick, Hopefully Jim or Harry would see your message and reply. They are the experts. I wish I could help you but I cannot. I don't know any TA myself. Clint

To: Rick Ramirez who wrote (16974)	7/6/1998 5:29:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69744

Rick, Traditional technical analysis won't help you much with a IPO. You need some history on a stock for technical analysis to work. TA is a mathematical way of guaging the psychology of the holders of a stock. Certain stocks attract certain types of stock holders and they tend to react similarly. TA is a way to help you determine what they will probably do given the past history. The key word is probably here as TA is about probabilities not absolutes. Stocks process through a series of phases where the type of stock holders change. IPO's attract mostly momentum traders. As the stocks gets more established it attracts more investors, so the nature of price action will change and therefore the analysis will change. Only your knowledge of the fundamentals and your own sense of the day to day trading will tell you when this has happened. For free TA sites try iqc.com alphacharts.com to start. They are a lot more that I can dig up if you are really interested. There is also a site with a tutorial on TA that I can't remember off the top of my head. Good luck Harry