User 215137

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    • Tue Jun 24th 18:51 PM | Rating: 0 0
      Commented on:
      More on Technical Analysis
      Squashnut...

      those that use technical analysis 1) usually are not in for 6 months and 2) their technicals will tell them when 'the fundamentals' are catching up and to exit the trade (if adhered to properly)
      View article »
    • Tue Jun 24th 17:45 PM | Rating: 0 0
      Commented on:
      More on Technical Analysis
      Here is ONE BIG REASON why the self-fulfilling nature of Technical Analysis is true - i.e. the more trades that use this appoach, the more it works...

      What do you think computers use?
      View article »
    • Tue Jun 24th 16:22 PM | Rating: 0 0
      Commented on:
      More on Technical Analysis
      Fishy,

      You are amazing good at proving what you do not know by spouting what you think you know.

      Lets just go with one case - the psychological determination of volume at a support level.

      When a large (hopefully very large) number of shareholders own a stock at a certain price - a concentration of trading volume - and the stock trades higher, a larger percentage of the stockholders are happy as they are in the money and less likely to sell. They think they picked a good stock and are more likely to hold onto it as, the only reason you buy a stock is to see it go higher, this stock has moved higher and they are having a good, profitable experience with this stock - they will be less likely to sell, offer the shares out, etc... which in effect takes shares off the market and give the stock an upward bias - especially near support. Thus, in the prices above support there is an upward bias.

      On the other hand - should the stock be below that price they are not happy and more likely to pull the trigger. This means the stock hias a hgher propensity to go down as more owners of the stock have a higher propensity to sell as they are displeased with the performance. This is the basic concept of support - which is that level about where the volume traded and a large number of shareholders are bought in. Thus, is the areas below support there is a downward bias.

      Now this is a very simplified explanation of support and on factor of the importance of technical analysis using just the trading volume indicator - but the audience I am writing for is YOU. Simple.

      Learn anything today?
      View article »
    • Tue Jun 24th 09:15 AM | Rating: 0 0
      Commented on:
      Adventures in Technical Analysis, Jim Cramer Edition
      Hey Fishy,

      I hold 6 NASD licenses, have been working on wall street trading desk for 14 years, was a prop day trader and regularly moved 75,000 shares a day a side for 6 years and made six figure incomes AS A TECHNICAL ANALYST - by reading oscillators and drawing lines on charts and using patterns and chart set ups. I have used technical analysis to profitably trade stocks, stock options, corporate bonds and treasury bonds.

      Now, explain to me your trading background. How much trading have you done? What are your credentials?

      Or are you just another sniper with a pen? A journalist who pretends to know something, anything about the markets?

      Step up to the plate Fishy - what do you got? I am betting nothing but a permanent pass to the peanut gallery.
      View article »
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