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

To: David R. Evans who wrote (9184)	2/11/1999 9:13:00 AM
From: Blake Turner	Read Replies (1) \| Respond to of 12039

Well said David. The charts will tell you the story. You just have to be willing to listen. I learned the hard way to tune out the street's noise and just focus on were is the stock going know. Works for me. Glad to see your back. Your work and Richard Estes work have helped me over the years. I lurked at SI for a long time before becoming a member. Blake

To: David R. Evans who wrote (9184)	2/11/1999 12:34:00 PM
From: TA2K	Read Replies (1) \| Respond to of 12039

"I also DO NOT buy on news stories or TV BS...... I use TA and TA only." Fascinating and striking post. Thank you very much. One might come up with the concept of proxy for basic fundamentals. Richard has said that he wouldn't touch a stock selling for less than $2.00 -- that would in effect be one way of filtering out the real weaklings. Another approach might be to only buy stocks trading above a certain percentage of their yearly range (even as high as 90-100% of yearly range!). How about you (and others?) -- would you trade stocks in the $1 to $2 dollar range? Thanks again for your response. Nicholas

To: David R. Evans who wrote (9184)	2/11/1999 8:45:00 PM
From: Investor2	Read Replies (1) \| Respond to of 12039

RE: "In fact, most times I do not even know the company name, just the symbol........." That's an interesting statement. What is your timeframe for trading, i.e., how long do you usually hold a position? Best wishes, I2

To: David R. Evans who wrote (9184)	2/15/1999 11:30:00 AM
From: Tom Halkar	Read Replies (2) \| Respond to of 12039

Hi Dave, I think you are trying to tell Nicholas that the charts will forecast the FA before they are reported. A lot of time the price will move before the news is reported and even then that is only a momentum play. If there is some good uses for FA is to confirm what you see in the charts, but why spend all that time hunting down the information. Plus most times it to late to react to the FA and news. It already reflected in the charts. Charts are a simple supply and demand and the indicators help determine when there is a shift it that supply and demand. Stocks are moving on what is going to be forecasted FA by investors and if earning don't meet that expectation, surprise the stock moves down in price. That one of the reason I do not like being in a trade before earning it to unpredictable. Wait for the dust to settle and let the indicators be your guide. Have a good day!! Tom The Windy City