Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Petty who wrote (10519)	6/6/1999 12:32:00 AM
From: Christopher	Read Replies (2) \| Respond to of 12039

Hi David, I spent $22,000 in cash on my new car and the money came from profits I made trading. I am not only a reader but also a trader. People use labeling on this thread to cover up their failure to answer questions when it comes to TA. Example are many. He is a reader and not a trader, Murphy and Pring write books for beginners. If they don't know the answer when it comes to TA then it is for beginners and not used by "ADVANCED" people such as themselves. I live in Boston but I don't think it is big enough to house their ego in case they decide to visit it. Herc gave Richard three chance to explain to him the psychology of MA and Richard failed in all three occasions. When I provided Herc with an explanation, he was very thankful, he complemented me on my analogy, and he said he was going to buy the book I quoted. The best Richard could do to explain his failure to provide Herc with an answer was to Label Elder and shoot him down. Murphy and Pring books are not just for beginners but are very advanced(This includes books they wrote over ten years ago). Richard does not know anything about these people whatsoever and can make no comments on their accomplishment at all. Both are always quoted in TASC by best money managers in the nation. They created Intermarket Analysis and have advanced it very far and I am sure Richard knows nothing about Intermarket Analysis. He also does not know what an Oscillator is and needs a definition. Many articles have been written on Oscillator in TASC and they are hardly ever defined and always assume the reader knows what an Oscillator is. On the other hand, Richard althougth he knows it all he still needs a definition. He does not use ADX correctly but is a quick to say is not good. An indicator is as good as the person using it. I know I use it correctly and I also know many people use it incorrectly. Richard TA is over 20 to 30 years old. He does not think that advanced people make a use of MA(this is a joke!!). They say you should let your profit run and cut your losses. MA helps do just that. I think Richard has an ego the size of Boston and NY combined. He won't admit he is wrong no matter how foolish he may look in the process. I have know many people like that. You are wasting your time with him. Christopher

To: David Petty who wrote (10519)	6/6/1999 12:44:00 AM
From: Terry Mitchell	Read Replies (1) \| Respond to of 12039

David, it is unfortunate that Christopher did not let it become a learning experience for all of us. I know others have said this before but the amount that can be learned in the past posts here is considerable. There are so many to thank for this resource it is hard to start naming them though Andy, Dave and Richard would be at the top of the list. I would also recommend rereading this thread as so much does not sink in (at least for me) the first time. Terry

To: David Petty who wrote (10519)	6/6/1999 8:51:00 AM
From: gonzongo	Read Replies (1) \| Respond to of 12039

Hi David- You know the internet is a two dimensional media. You write a sentence and it gets carved in stone. We have been hanging here for almost 3 years. What could cause us to go away. If you were to read from the beginning, you would see that attacks have come from time to time. That is the nature of the net. It is still more civil here than Yahoo threads by a country mile ( maybe more). I do not claim anything about myself. I wish Christopher well. He had a chip on his shoulder when he walked in. Just go back and read the posts. He was welcomed , i thought and then started to critique and criticize. I have no doubt that he is better at TA than me or trading. I wish him well. Nice to meet you David. I have developed lifelong friendships from these threads. At least 100. That will never leave me. Although a bit too direct sometimes, I have found Richard to be one of the kindest and most giving people I have met. I started reading his posts from 95 on Prodigy. They are homespun and real. They have taught me more than any text I have ever read. Dave Evans is the clearest thinker I have met. He is a prince. good morning.