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: Mel Long who wrote (8726)	9/29/1998 8:34:00 PM
From: Michael Quarne	Read Replies (2) \| Respond to of 12039

HI Mel, It sounds as if your using funnymentals for analysis on this one rather than TA which is what most on this thread use in making selections. From a TA point of view your entry is out of time, and could be days, months, before the issue will move ahead. This results in funds with no gain in value, (even bank interest accrual,) and the potential for loss. TA, when correctly applied, will tell us when the issue has support from the investing community. This will be done through three indicators, Price, Volume, and Trend. Will TA get you in later? Yes if the issue does move. Will your moneys be tied up with no gain? Perhaps but most likely not. Chance of being correct is greater with TA, but always subject to the herd reaction. I'm not saying that funnymentals don't have there place. TA improves that place to a greater percentage of wins. Arctic Mike

To: Mel Long who wrote (8726)	9/30/1998 9:39:00 AM
From: David R. Evans	Read Replies (2) \| Respond to of 12039

Hello Mel, When you use TA you try to stay away from "BETS!! You use TA to better the odds... When a stock goes down 50% there is nothing stopping it from going down another 25% or more..... Take a look at QDEK using 5 years of data. Many people thought it would bounce back after a 25% drop. Many people thought it would bounce back after a 50% drop. Many people thought it would bounce back after a 75% drop.... Many people lost money thinking about QDEK!!!!!! News sells newspapers...... TA makes money.... When the stock is ready to move the charts will tell you so.... If it has that much ground to make up, there is plenty of time to MAKE SURE the move up is for real and plenty of TA tools to help you make sure... Dave Evans interactive.net