Forum Archive Index - May 2001

[nickkearney@xtra.co.nz]

George

Metastock is better and Technacil Analysis is worthwhile.  If nothing ekse it 
can confirm or deny a trade you may be thinking of.  You don't need to decipher 
schoastics or japanese candles.  All you have to do is decide on a purchase or 
sell and if have doubts then look at a moving average or graph or whatever to 
verify it.

That is what I do.

Cheers

NK

> From: "George Hill" <ghill@buzzavox.com>
> Date: Wed, 23 May 2001 09:23:14 +1200
> To: "Sharechat" <sharechat@sharechat.co.nz>
> Subject: [sharechat] Technical Analysis
> 
> There seem to be two issues in this thread:
> 
> a) which is the better software package, Henley or Metastock; and
> 
> b) is technical analysis worthwhile.
> 
> They're not the same thing.
> 
> I purchased Henley Investor Suite earlier this year, probably on the basis
> that I should use every tool possible to help me with my sharemarket
> decisions. As it happened, I used it for a few weeks then gave up. It seemed
> fine for technical analysis (I have no experience with Metastock, so can't
> compare the two).
> 
> The main reason I've stopped using Henley Investor is that I prefer to
> invest rather than trade: it doesn't suit my investment style to be
> analysing charts from every possible angle. One thing that my impulsive
> purchase of Henley Investor HAS taught me (a rather expensive way of
> learning)is that I prefer not to have to worry about tracking the rise or
> fall in stocks on an intra-day or even day-by-day basis.
> 
> I should add that I only deal in NZSE stocks ... perhaps if I had a
> reasonable portfolio in a more liquid market, I might feel differently. But
> I suspect not: life has enough stress without adding the hourly vagaries of
> market.
> 
> So far my less-is-more strategy has proved very profitable, without the
> angst of a more hands-on approach.
> 
> George Hill
> 
> 
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