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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: klinetime who wrote (3474)	11/13/1998 9:32:00 AM
From: Wayners	Read Replies (1) \| Respond to of 8307

The best way to learn TA is really through the school of hard knocks. You need to be able to really visualize how stocks move and the relationships between trend, momentum, volatility, and volume. Books will get you started, but you have to learn through experience how it all fits together. Start with a basic chart pattern recognition book and something like Martin Pring's Technical Analysis Explained. Get some basic and inexpensive charting software like Metastock, Windows on Wall Street, subscribe to a data service and start getting practice making stock forecasts using T/A on paper and the software. See how good you are. Start with simple things like trendlines, support and resistance levels, and volume. Move onto things like moving averages and bollinger bands. Stay away from technical indicators in my opinion. Try to pick out chart patterns and try to predict where price velocity is expected to increase or decrease.