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


To: David R. Evans who wrote (8813)10/18/1998 9:48:00 PM
From: TA2K  Read Replies (2) | Respond to of 12039
 
Dave, When does it make sense to study a *monthly* chart? Would your answer be closer to:

a) Almost never. Don't waste your time. Weekly tells you all you need to know as far as longer time increments;

b) Almost always. You want to get the best picture that you can, and monthly does indeed add a long-term dimension that even the weekly doesn't.

Thanks,
Nicholas



To: David R. Evans who wrote (8813)10/20/1998 8:41:00 AM
From: Tom Halkar  Read Replies (3) | Respond to of 12039
 
Hello Dave

I hope things are going well.

A thought for TAers...

The MARKET is like a huge flowing effortless river with hundreds of BILLIONS of dollars floating on top of it. You are up steam with a enormous net easily collecting the money. You DO NOT need to catch every single hundred dollar bill, because up river there is an ABUNDANCE of money. TA puts you up the river to collect the easy money giving you the ability to leave some money for the people down river who have the same size net just not as much money available.

Have a phenomenal day!

Tom
The Windy City