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

To: julianne carol grimes who wrote (9151)	2/5/1999 8:12:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

I am going to answer but not answer. Not because it is a secret, I love to share. I am always bothered by establishing a mode of operation because I never know who will use it and how. See there is no way to know the audience. How much risk they can take? if they understood directions? What their goals are? Time frames? Experience? so I tend to generalize for their sake. Since August of 1997, I have seen a volatilty in the market that calls for short term trades. My indicators are all short term for exit/entry now, many on real time bars. Short term trading isn't for beginners. When I know the person is a beginner, I mention Dahl or MACD(13,34,89) as a good indicator to follow. Praying that they keep the damage to the smallest amounts with less risk. Murphy writes a good book. His mindset is directed towards the investor. I think I read support and resistance as good as any, but I use Fibonacci and Gann for a more objective measure. Even the choosing of S/R levels depends on the mindset of the individual. I use Advanced GET for most of my S/R work. I quit looking for triangles, H&S, etc. a long time ago. Now the answer, read the 1000s of posts in TA-beginners and TA-indicators, there is a wealth of knowledge there. Making things simple - if it were simple everyone would do it successfully. But a simple statement that rings with truth is "It all is a matter of expansion and contraction".

To: julianne carol grimes who wrote (9151)	2/5/1999 11:08:00 PM
From: Bill Ford	Read Replies (1) \| Respond to of 12039

My favorite way of screening stocks is by using StockTables.com They offer daily rankings on 10,000 stocks including Relative Strength, EPS, VOL% and More! stocktables.com

To: julianne carol grimes who wrote (9151)	2/6/1999 12:30:00 AM
From: gonzongo	Respond to of 12039

JCG- Read all of Dave Evans' posts. He is a great explainer. You can also go to geocities.com It covers the first 3000 or so posts. I would say- Use Progressive MACD's- 8-17-9 12-26-9 13-34-89 and see how they play out- look at weekly and daily charts. I personally like StochasticRSI- A blended indicator. Again look at progressive numbers: 8 13 or (14) 21 many other indicators are there-- volume is good to study. What happens when it increases-- what happens when it decreases? volatility and relative strength are key factors in selection of a database. When price action narrows- what happens?? Put an 8 day bollinger band on your chart with 2 std deviations and look for narrowing points- what happens?? thats all I can think of. g