Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Richard Estes who wrote (8420)	7/10/1998 5:07:00 PM
From: Nazbuster	Respond to of 12039

Patterns are subjective. Indicators with trigger points for buy/sell points are objective... You want to learn to trust your system, and act on it when signals come. Richard. Good points. Clear. I'll paste these up so I remember! Thanks.

To: Richard Estes who wrote (8420)	7/11/1998 11:17:00 PM
From: Enchante	Read Replies (1) \| Respond to of 12039

Patterns are subjective. Indicators with trigger points for buy/sell points are objective. Richard - your statement seems so obvious now...after reading a couple of serious TA books and working my way through the part of this thread. However, during my past 20 years or so of investing, whenever I dabbled in TA I always got hung up on the patterns and never made the leap to indicators and trigger points. After reading a chapter on double bottoms I spotted them on every chart. The next chapter would discuss head and shoulder formations and they started popping up everywhere. About the only objective indicator I came across was watching price and a simple MA. This thread has made a tremendous difference in my approach to TA. In the past I looked at a few paper charts, maybe drew support or resistance lines and tried to guess which of the recent lows formed a trend. After falling on my face a few times, I would go back to my buy, hold and hope for the best style of investing. Happily this incredible bull market has even made the chimps look good. This evening I passed message 1000. I'm learning tons, enjoying WOW and getting to know some of the great personalities in this group. Carl