Forum Archive Index - May 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Lindley,

>
>
>I gave up half way through, but I think I know what 
>you were saying!
>
>
Congratulations Lindley.  You probably got further than most people!  
I put the post there as a matter of record rather than expecting 
every loyal reader to follow it.
>
> 
>But it was about that time where I started to think that it isn't so
>much which way is right or wrong, but which way do the TAs do it. If
>all/most TAs work straight from the raw prices, then 'adjusting' the
>prices won't help.
> 
>
As I see it, there is not necessarily a wrong or right way with T/A.  
You decide what it is you want to find out and pick a T/A indicator 
that is appropriate.   You could even have two T/A people using the 
same methods and one might buy while the other is selling, because 
one its trading a short term trend and the other is trading a long 
term trend. There is no need for a consensus.

If you are looking at timing an entry point, that long analysis I 
wrote will be of no use to you.  If you had bought in at 64c and the 
day after that the share price plunged to 57c that is just bad luck.  
The only way you could have known about the share placement would be 
from insider trading.  A chart cannot predict such events. 

SNOOPY


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