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

To: Nazbuster who wrote (8527)	8/16/1998 10:01:00 PM
From: bdog	Read Replies (1) \| Respond to of 12039

That is a great question Daniel. Being a complete rookie myself I would not be a good person to give a qualified answer. Some of the veteran traders here could give better. I don't give a great deal of heed to any one thing in the ta game. Being a skeptic, I sometimes wonder if ta works at all. I have read fa to ta books and also a random walk on wall street and sometimes wonder if it is all just a crapshoot. That given, it seems a strict money management plan is of extreme importance. Also some serious study of how a stock reacts to and has reacted to an indicator signal in the past. Then understanding what an indicator is indicating seems also just as important to understand. There just is not enough time. I have no system, just a ramblin on like this post...>g< Oh yea stochs! I pay attention to right hand crosses, ob,os, diverg, trends and chart patterns. But I can't give you a hard answer on importance. I have never personally researched to see how often they give good signals on the premise that the trend is about to change if closes are close to either high or low. would love to hear for some of the big boys... bdog