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

To: Daniel Miller who wrote (8471)	7/17/1998 2:53:00 PM
From: Sean W. Smith	Read Replies (1) \| Respond to of 12039

Daniel, I have no idea what indicators your using but mine certainly don't look favorable on this stock... BTW: It would really help if you told us what indicators or technical tools you were using... Sean

To: Daniel Miller who wrote (8471)	7/17/1998 10:20:00 PM
From: CatLady	Read Replies (2) \| Respond to of 12039

Daniel - I think you've fallen into a trap that TA beginners sometimes stumble into. That is putting too much weight on short term indicators when the medium and long term show a different picture. Try using a couple of moving averages, maybe a 40 and 80 day EMA on the AIJ chart, that'll show you the trend, which is DOWN. Don't fight the trend. I'd suggest getting a good book or two on TA, it's going to take some study and practice to get good at this. One book for newbies that I've heard good things about is 'Visual Investor' by John Murphy.