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

To: Christopher who wrote (10493)	6/3/1999 3:39:00 PM
From: Sean W. Smith	Respond to of 12039

Christopher, I think you definitions are over generalized especially with respect to leading and lagging asumptions. An oscillator is purely a way the indicator is displayed. A friend of ours who used to frequent here (Chandler Everett) is an oscillator nut. He could take ANY indicator and turn it into an oscillator. What about binary indicators??? They are certainly another category that you excluded.... Sean

To: Christopher who wrote (10493)	6/3/1999 4:23:00 PM
From: Richard Estes	Read Replies (4) \| Respond to of 12039

Christopher Let me remind you, I have been doing this for over 30 years and while I read the books, I didn't get all my knowledge from them. I don't know where you picked up your definitions and don't care. I don't agree with your definitions and it doesn't make any difference what you want to call the classes of indicators, Or whoever wrote the definitions you gave. I still think you can drop the classes and speak to indicators. If you want to share what you have read, do so and credit the ideas. Your profile does not offer much in the way of telling us about yourself or your experience. The average book on TA offers only about 2-3 good ideas. A few offer a new slant to using TA, most attempt to provide an overview of well known methods, the words they apply to definitions or results can't be taken as LAW. It is up to each person to determine the results they want and wherever it can be obtained by the methods illustrated. I believe this can be done best by historical testing. Done correctly and with our present computers and data sources, we can look at the effects obtained by a method over 1000s of stocks, over many years in a few minutes. Someone might try to eyeball it, but they will be fooled 90% of the time. But I would test a system even if my best trusted friend wrote about it, and I expect them to test my suggestions. There is no one method, there is nothing written in stone for all, no matter who wrote it or how many books have sold. The real expert is the trader, I hope my suggestions help them. But the real work and decisions lie with the individual. They must decide what is best for them. The expert doesn't overlook their trades or lose any money on them. Because I have used TA for many years, I tend to step in when I see something that doesn't seem to agree with my experience or might mislead those who are beginning their studies and have not devoted the time I have in study and applying TA. You saw me and others question the 10-15 ADX method which you clarified to only a pre-scan rather than a means of entry at the start of a trend. or using RSI to determine trend. This should be expected.