For anyone who is interested, you can download a dissertation
completely devoted to technical analysis from the Social Science
Research Network

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=566882

Have fun!

Hi, I have been trading for about six years and I was curious to see
what other traders felt was their best indicator. My trading style
is trading breakouts in stocks. My trades generally last about 1 to
3 months, less if they are losers.My best indicator is the chart
pattern along with the DMI/ADX. Any opinions?

My favorite technical indicators are price, volume, and bollinger
bands. Whenever I take something else into consideration that usually
confuses me, so I try to keep my analysis very simple. I created a
list of chart examples for me in PowerPoint which I study from time to
time to train my eyes to be able to pick good winners.
The worst indicators are my emotions.

The charts are one of my best teachers. After examining a hundred
charts or so, I usually feel that I have learned something.

Recently I made a trade. I was so unfortunate that I had to
exit within 10 minutes. I bought on support, but the support was
broken and the stock fell like a rock. I was wondering how was
I able to buy so precisely just before the support was broken.
I know some others too, who can time the market so precisely;
they have a long record of buying PRECISELY at the WORST moment!

Now I noticed that when a support wants to hold, usually the price won't
give everybody a chance to buy. It will jump up quickly, and most
people will be left out. On the other hand, when a support is going
to break, the price hovers around the support for more time. People
take their time to trade right there on the edge of support until
everybody gets a chance to buy at "good" prices. And then,
when everybody who is destined to lose is in the stock,
then it starts to go down... :)

That brings to my mind a story from the Bible... There are a few
people who are destined to win, and one of them was Joshua
in Egypt. The Bible records one of the luckiest commodity traders
in the ancient history. The story is written in the end of Genesis
in the Bible. It occurred maybe 3000 or 3500 years ago.
Pharaoh had a dream, a revelation of 7 good years, and then 7 years
of famine. God gave the dream, so it was not based on technical
analysis, nevertheless it is a good example of what the market can do.
The Market is an exremely powerful thing that can quickly turn anyone
into a ruler or a slave. During the 7 rich years, Pharaoh stored up
a lot of wheat, and in the next 7 years he sold it. The Bible says that
by the time the famine was over, the Pharaoh owned all land, animals,
and people in Egypt. People sold everything they had, and finally they
sold themselves as slaves to Pharaoh in exchange for food.
As you see, God-given dreams are a very good indicators as well. :)

-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

My favorite technical indicators are price, volume, and bollinger
bands. Whenever I take something else into consideration that usually
confuses me, so I try to keep my analysis very simple. I created a
list of chart examples for me in PowerPoint which I study from time to
time to train my eyes to be able to pick good winners.
The worst indicators are my emotions.

The charts are one of my best teachers. After examining a hundred
charts or so, I usually feel that I have learned something.

Recently I made a trade. I was so unfortunate that I had to
exit within 10 minutes. I bought on support, but the support was
broken and the stock fell like a rock. I was wondering how was
I able to buy so precisely just before the support was broken.
I know some others too, who can time the market so precisely;
they have a long record of buying PRECISELY at the WORST moment!

Now I noticed that when a support wants to hold, usually the price won't
give everybody a chance to buy. It will jump up quickly, and most
people will be left out. On the other hand, when a support is going
to break, the price hovers around the support for more time. People
take their time to trade right there on the edge of support until
everybody gets a chance to buy at "good" prices. And then,
when everybody who is destined to lose is in the stock,
then it starts to go down... :)

That brings to my mind a story from the Bible... There are a few
people who are destined to win, and one of them was Joshua
in Egypt. The Bible records one of the luckiest commodity traders
in the ancient history. The story is written in the end of Genesis
in the Bible. It occurred maybe 3000 or 3500 years ago.
Pharaoh had a dream, a revelation of 7 good years, and then 7 years
of famine. God gave the dream, so it was not based on technical
analysis, nevertheless it is a good example of what the market can do.
The Market is an exremely powerful thing that can quickly turn anyone
into a ruler or a slave. During the 7 rich years, Pharaoh stored up
a lot of wheat, and in the next 7 years he sold it. The Bible says that
by the time the famine was over, the Pharaoh owned all land, animals,
and people in Egypt. People sold everything they had, and finally they
sold themselves as slaves to Pharaoh in exchange for food.
As you see, God-given dreams are a very good indicators as well. :)

-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

My favorite technical indicators are price, volume, and bollinger
bands. Whenever I take something else into consideration that usually
confuses me, so I try to keep my analysis very simple. I created a
list of chart examples for me in PowerPoint which I study from time to
time to train my eyes to be able to pick good winners.
The worst indicators are my emotions.

The charts are one of my best teachers. After examining a hundred
charts or so, I usually feel that I have learned something.

Recently I made a trade. I was so unfortunate that I had to
exit within 10 minutes. I bought on support, but the support was
broken and the stock fell like a rock. I was wondering how was
I able to buy so precisely just before the support was broken.
I know some others too, who can time the market so precisely;
they have a long record of buying PRECISELY at the WORST moment!

Now I noticed that when a support wants to hold, usually the price won't
give everybody a chance to buy. It will jump up quickly, and most
people will be left out. On the other hand, when a support is going
to break, the price hovers around the support for more time. People
take their time to trade right there on the edge of support until
everybody gets a chance to buy at "good" prices. And then,
when everybody who is destined to lose is in the stock,
then it starts to go down... :)

That brings to my mind a story from the Bible... There are a few
people who are destined to win, and one of them was Joshua
in Egypt. The Bible records one of the luckiest commodity traders
in the ancient history. The story is written in the end of Genesis
in the Bible. It occurred maybe 3000 or 3500 years ago.
Pharaoh had a dream, a revelation of 7 good years, and then 7 years
of famine. God gave the dream, so it was not based on technical
analysis, nevertheless it is a good example of what the market can do.
The Market is an exremely powerful thing that can quickly turn anyone
into a ruler or a slave. During the 7 rich years, Pharaoh stored up
a lot of wheat, and in the next 7 years he sold it. The Bible says that
by the time the famine was over, the Pharaoh owned all land, animals,
and people in Egypt. People sold everything they had, and finally they
sold themselves as slaves to Pharaoh in exchange for food.
As you see, God-given dreams are a very good indicators as well. :)

-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

I was reading thru the archives last nite and noticed that around
7/11/04, you were looking for a "bullish" run in the market.
However, a week later, you bashed the TRIN indicator and said the
market was imminently bearish.
That was a good and timely call.
What was it that you saw that changed your mind?
Thanks.
S.

Two charts attached: Citigroup and DJIA.

"I was reading thru the archives last nite and noticed that around
7/11/04, you were looking for a "bullish" run in the market."

Yes, I was very bullish on that day.
But I tell you, the very next day it seemed to me that
everything has changed, and I began to adjust my thinking.

"However, a week later, you bashed the TRIN indicator and
said the market was imminently bearish. That was a good and timely call.
What was it that you saw that changed your mind?"

A bearish forecast in mid-June would have been timely.
I don't think I was timely. I felt like I was just
changing my mind all the time.

What made me bearish originally was the volume.
Then, what made me bullish was the TRIN plus the
chart pattern of this whole correction.
Then, what made me bearish on July 15 was
Citigroup's dive with 30 million shares.
It broke two very important support lines on one day
with nice volume. I think Citigroup is an important
stock right now, and I was watching it.
It formed a nice head-and-shoulders pattern. Right before
a head-and-shoulders pattern breaks the neckline, the
pattern has a bullish potential for a few seconds.
So, I was bullish when I saw this H&S pattern.
Then one day the neckline was broken with huge volume,
and that was it. Then I knew that it's probably
not going to be very nice..........

Sometimes when the market indexes don't give me any hint,
I try to find some key stocks that are likely to give me
some significant TA signals. Right now Citigroup is one.

When you don't know what's going on, but you have a bunch of
stocks that you watch, and these stocks form head-and-shoulders
patterns and break down with big volume, then you get an
idea of what is happening behind the scenes.

Of course, you don't know what is happening until they break
the neckline. I have seen huge rallies that originated
from a failed head-and-shoulders pattern.
When people see a head-and-shoulders pattern, they
automatically think BEAR, but that's not always the case.
Rarely, head-and-shoulder patterns do not break the neckline
but instead they go up on light volume, and these turn out
to be huge rallies that nobody expected.

"Can u tell me how to use bollinger bands alsongwith
volume and price. I want top learn more and improve in trading."

I use bollinger bands to tell me whether a stock is oversold or overbought.
When the price is far above the upper bollinger band, I shouldn't buy.
When the price is far below the lower bollinger band, I shouldn't sell.
...because I've noticed that when the price penetrates the bollinger band
and goes far away outside the band, it has to go back between the bands.
And it will jump right back even more.

For example, if I see a penny stock that ran up several hundred percents
in a matter of days, I look at the bollinger band. I see that the price jumped
far outside the upper bollinger band, I might consider selling short.
If I see huge volume outside the bollinger band, it's even better.
If I see that the 1-minute intraday chart shows a volume spike that is
unusually large (eg one single multi-million dollar transaction), then
I assume that some professional traders have been selling, and if this
is right, then it is safe to sell. Ride on the back of the elephants.
If I find out that I was wrong, then I must exit immediately,
because I don't want to be trampled by those elephants.

The opposite is true. What happens if the price goes down far below the lower
bollinger band? It has to jump back up. And it will jump up MORE than
the distance between the lowest price and the lower bollinger band.

Volume is the indicator that tells me how safe it is to enter the market.
I usually watch for multi-million-dollar single transactions which
are probably the footprints of professional money managers.
When you enter with the pros, you can't be wrong.

These elephants that move in and out of the market create a huge
wave. It'll be either supply if they sold or demand if they bought.
After such a trade, the market will usually make up its mind
and choose a direction.

Unlike huge single-day volume spikes, the intraday single-transaction
volume signals usually do not occur on big volume days.
The pros like to enter and exit when the volume is very shallow.
And by just looking at the daily total volume, you usually
can't see what really went on that day. :))

Maybe one day a millon shares traded hands in a stock that usually trades
5-8 million shares a day. Next day they traded 1.1 million shares.
You don't notice anything until you look at the intraday chart.
You look and you see that on one day there were relatively few
trades but there was one major trade at noon maybe and in that
single transaction 0.5% of all the company's shares changed hands.
Wow. That's a big blow. If that was a selling, the stock is very likely
to go down in the following months. There was no daily volume signal
or nothing. Trading volume was light. But only those saw the signal
who watched the intraday chart.

I use price history (the chart pattern) to try to predict price change.
There are some chart patterns that I study, and I want to specialize
in only these few. I don't have to know what to do in every situation.
I want to know what to do in certain profitable situations,
and that's enough.

-- Zsolt

PS: Read this:

http://www.pensacolanewsjournal.com/news/html/744AF384-3256-4FD9-ABA1-7E6029170E\
67.shtml

I've stood in the line for 3 hours,
and I am going to see Bush on Tuesday!!! :-D

Two charts attached: Citigroup and DJIA.

"I was reading thru the archives last nite and noticed that around
7/11/04, you were looking for a "bullish" run in the market."

Yes, I was very bullish on that day.
But I tell you, the very next day it seemed to me that
everything has changed, and I began to adjust my thinking.

"However, a week later, you bashed the TRIN indicator and
said the market was imminently bearish. That was a good and timely call.
What was it that you saw that changed your mind?"

A bearish forecast in mid-June would have been timely.
I don't think I was timely. I felt like I was just
changing my mind all the time.

What made me bearish originally was the volume.
Then, what made me bullish was the TRIN plus the
chart pattern of this whole correction.
Then, what made me bearish on July 15 was
Citigroup's dive with 30 million shares.
It broke two very important support lines on one day
with nice volume. I think Citigroup is an important
stock right now, and I was watching it.
It formed a nice head-and-shoulders pattern. Right before
a head-and-shoulders pattern breaks the neckline, the
pattern has a bullish potential for a few seconds.
So, I was bullish when I saw this H&S pattern.
Then one day the neckline was broken with huge volume,
and that was it. Then I knew that it's probably
not going to be very nice..........

Sometimes when the market indexes don't give me any hint,
I try to find some key stocks that are likely to give me
some significant TA signals. Right now Citigroup is one.

When you don't know what's going on, but you have a bunch of
stocks that you watch, and these stocks form head-and-shoulders
patterns and break down with big volume, then you get an
idea of what is happening behind the scenes.

Of course, you don't know what is happening until they break
the neckline. I have seen huge rallies that originated
from a failed head-and-shoulders pattern.
When people see a head-and-shoulders pattern, they
automatically think BEAR, but that's not always the case.
Rarely, head-and-shoulder patterns do not break the neckline
but instead they go up on light volume, and these turn out
to be huge rallies that nobody expected.

"Can u tell me how to use bollinger bands alsongwith
volume and price. I want top learn more and improve in trading."

I use bollinger bands to tell me whether a stock is oversold or overbought.
When the price is far above the upper bollinger band, I shouldn't buy.
When the price is far below the lower bollinger band, I shouldn't sell.
...because I've noticed that when the price penetrates the bollinger band
and goes far away outside the band, it has to go back between the bands.
And it will jump right back even more.

For example, if I see a penny stock that ran up several hundred percents
in a matter of days, I look at the bollinger band. I see that the price jumped
far outside the upper bollinger band, I might consider selling short.
If I see huge volume outside the bollinger band, it's even better.
If I see that the 1-minute intraday chart shows a volume spike that is
unusually large (eg one single multi-million dollar transaction), then
I assume that some professional traders have been selling, and if this
is right, then it is safe to sell. Ride on the back of the elephants.
If I find out that I was wrong, then I must exit immediately,
because I don't want to be trampled by those elephants.

The opposite is true. What happens if the price goes down far below the lower
bollinger band? It has to jump back up. And it will jump up MORE than
the distance between the lowest price and the lower bollinger band.

Volume is the indicator that tells me how safe it is to enter the market.
I usually watch for multi-million-dollar single transactions which
are probably the footprints of professional money managers.
When you enter with the pros, you can't be wrong.

These elephants that move in and out of the market create a huge
wave. It'll be either supply if they sold or demand if they bought.
After such a trade, the market will usually make up its mind
and choose a direction.

Unlike huge single-day volume spikes, the intraday single-transaction
volume signals usually do not occur on big volume days.
The pros like to enter and exit when the volume is very shallow.
And by just looking at the daily total volume, you usually
can't see what really went on that day. :))

Maybe one day a millon shares traded hands in a stock that usually trades
5-8 million shares a day. Next day they traded 1.1 million shares.
You don't notice anything until you look at the intraday chart.
You look and you see that on one day there were relatively few
trades but there was one major trade at noon maybe and in that
single transaction 0.5% of all the company's shares changed hands.
Wow. That's a big blow. If that was a selling, the stock is very likely
to go down in the following months. There was no daily volume signal
or nothing. Trading volume was light. But only those saw the signal
who watched the intraday chart.

I use price history (the chart pattern) to try to predict price change.
There are some chart patterns that I study, and I want to specialize
in only these few. I don't have to know what to do in every situation.
I want to know what to do in certain profitable situations,
and that's enough.

-- Zsolt

PS: Read this:

http://www.pensacolanewsjournal.com/news/html/744AF384-3256-4FD9-ABA1-7E6029170E67.shtml

I've stood in the line for 3 hours,
and I am going to see Bush on Tuesday!!! :-D



> ATTACHMENT part 2 image/gif


> ATTACHMENT part 3 image/gif

"It is a very useful thing to know for me yes atleast me as i am totally
new in ths field. I would be highly highly greatful if u keep on posting like
this which is of great help to me as well as other grp members who are new
to thise field. If possible please write something on intraday trading
too all that what u know as each and every thing u tell is worth million
dollars."

Is it worth a million dollars?
Hehe...then maybe I'll sell it to you. :))

What I know about daytrading is that it is not for me.
I want to be a part-time trader, not a daytrader.

One of my friends trades the S&P futures and
he uses a combination of candlesticks, and another
system to trade. He trades breakouts.

Some day traders are always active, but they lose money fast.
Other day traders look for a specific signal, and they make a
trade once a week maybe, but that trade is profitable.
Daytrading requires a lot of patience, sitting and watching,
and it is extremely stressful. I do not recommend it to anybody.
Daytrading is not a healthy life style. ;))

And I think that health is more important than trading.
We trade for money. Money can buy a lot of things, but
it cannot lengthen our lives. Stress can shorten it.

Here's a collection of trading rules on my website:

http://v4.livegate.net/zss/rules.html

-----------------------------------------------

* CAT could fall to 65. (?)

* Buy MOT @ 14.40 or lower. Sell stop: 14.10.
* Buy AMD @ 11.00 or lower. Sell stop: 10.65.

* Look SBC has a nice triangle.
* WMT has a big triangle. See attachment.


-- Zsolt

Does anyone know of a website that gives historical data on index
options volume?  Thanks.

"I am not able to acess your site dont know why. I get a message
their, we could not find the page that u are looking at live
gate Please mail me the updated link."

http://v4.livegate.net/zss/rules.html

Try it again.
It should work now.

-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

[This post is a little bit like science fiction, so if
you don't have time, you don't have to read this.]

If the US federal government had a stock symbol, what kind of
chart pattern would be visible on that chart? What do you think?
A huge head-and-shoulders pattern? A long base? An ascending wedge?
A nice, strong uptrend? A dying penny stock? What would it be?
I am curious...

I am wondering if it would be possible for the federal government
to go public. They could issue some shares, and everybody could trade
them on the NYSE. I think it would be good for the government, because
it could raise some cash to pay off the huge federal debt.
What do you think?

I have a feeling that Kerry is going to win this election.
Back in 1929, there was a shortage of jobs. Today we have a similar
scenario. Of course, it depends who you ask. If you ask a republican,
he'll tell you that the economy is doing great. If you ask a democrat,
he'll tell you that the economy is dying.
So, there is not a clear answer. People are divided.

A lot of people complain about the economy.
Back in 1929 there was a huge crash in the stock market, and
now in 2000-2002 there was a similar recession.
Many stocks went from $100/share to nothing.

Back in 1929 F.D.R. said he can fix the problem.
Today Kerry says he will fix the problem.

A recent poll at CNN showed that the general public
thinks that the economy needs more attention than the
war on terror. About 60% of the people think that
job shortage, layoffs, economic stagnation, high oil prices,
falling dollar is a greater problem than terrorism.
What most people think is that obviously the economy needs fixing.

And I think this is a big misconception. This is the same
misconception that people had back when F.D.R. came to power.

I was completely shocked to see the polls. This shows that a lot of
people have absolutely no idea how the economy works.
They do not understand that it is completely normal for the economy
to act "bad" sometimes. There is nothing wrong with a recession.
Bulls and recessions are like summer and winter -- they come and
go which is normal. Nothing needs to be fixed!!!
Capitalism can take care of the situation.
If it's not broken, don't fix it.

People expect the government to fix the economy.
The economy is like the weather. You cannot fix the weather.
The government cannot tell the hurricanes to go away.
Not to mention that hurricanes are needed to cool down the ocean.
If no hurricanes would exist, there would be other serious problems.
For example, the sea would overheat and the fish would die.
If the government could make sure that there are no bear markets
and no recessions and no job shortages, no bankruptcies -- this would
have other serious consequences. And I bet the economy wouldn't let us get away
with it!

People shouldn't expect the government to control the economy, because
if they do, sooner or later the government WILL try to control it.
And it won't be nice. The government cannot and should not control the
economy. It is best when it's left alone.

Today we have Kerry's New Deal promising jobs and everything, and
back then there was FDR's New Deal that promised recovery.

So, it would not surprise me if Kerry would be elected.
There are a lot of ignorant people around nowadays.

FDR's New Deal founded the federal deficit which is now
around 7 trillion dollars. I am not sure how much Kerry's
New Deal would eventually cost, but I guess it would
do at least as much damage.

Surely hell is on the way!

Unfortunately George W. Bush is a big spender too.
He does not seem to worry about the federal deficit.

The debt must not grow too fast or else we outspend ourselves.
What would happen if we spent more than we produced?
Too bad...

I am a Christian, and I believe that an evil world leader will
rise and take control somehow. The Bible says that he
will rule over the whole earth. This is the anti-christ.
America will eventually lose its power to this leader.

I have been thinking about how he will get to power,
and I think it could be pretty simple. Just as Pharaoh became
the dictator of a whole region in ancient history by making
some good trading decisions, a new powerful leader could arise
anytime from any country by doing something similar: making wise
decisions before and during a world-wide economic catastrophe.

In ancient history, there was a huge drought which gave the
opportunity to Pharaoh. So I would not be surprised if another
similar situation would arise. There are some scary judgments
listed in the book of Revelation in the Bible. It also mentions
some meteor falling into the earth wiping out third
of the population. If that happens, clearly that would be an
economic catastrophe. Maybe somebody (the anti-christ) will know
when this will happen, where it will fall, and what will be
the consequences. Knowing these, he will be able to make
good financial decisions which would raise him to power
in a very short period of time.

This tells me that it is not a good idea to buy and hold
for the long-term. The far future can be full of surprises.
You just never know...

Maybe investing in gold is a good idea. From a technical point
of view, gold is near support right now, and it could be a good
buy point at this time. However, if it breaks, it can fall a lot.
Recently it looked very weak, so I think gold will go down next year.


-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

> I am wondering if it would be possible for the federal government
> to go public.

The Goverment is partly public through the issuance of Bonds which are freely
traded.
So far the situation is excellent. It was at its worst from Nixon until Reagan's
reelection.

> I have a feeling that Kerry is going to win this election.

This election will be very interesting.
JK can not escape the fact that America has to be committed to a very tough
geopolitical process.
This recession is extremely mild compared to that of 1932.
JK can not pretend that the economy is doing bad when unemployment is below 6%.
W has many problems :
it is too soon to assert that the economy is on the path of sustainable growth
unemployed people suffer more than 10 weeks median job loss
the eight years of prosperity under Clinton are strong in the memories
he is not old enough

>
> People shouldn't expect the government to control the economy,

Fact is that the Government ( Federal + State ) control as much as the economy
as they tax it

a new powerful leader could arise
> anytime from any country by doing something similar: making wise
> decisions before and during a world-wide economic catastrophe.

Recent history teaches us that technological advance financed by a free market
equity
funding is the wise decision. This is only possible within a free Nation. For
instance,
China will never become the major power unless it becomes free. It might become
the
major nuisance.


>
> Maybe investing in gold is a good idea.

Gold will fall. Holding hard currency is a far better choice opening the path to
debt
funding. Extraction costs are lower than they were in 1996. We might see Gold
below $
250 within 5 years.

[This post is a little bit like science fiction, so if
you don't have time, you don't have to read this.]

If the US federal government had a stock symbol, what kind of
chart pattern would be visible on that chart? What do you think?
A huge head-and-shoulders pattern? A long base? An ascending wedge?
A nice, strong uptrend? A dying penny stock? What would it be?
I am curious...

I am wondering if it would be possible for the federal government
to go public. They could issue some shares, and everybody could trade
them on the NYSE. I think it would be good for the government, because
it could raise some cash to pay off the huge federal debt.
What do you think?

I have a feeling that Kerry is going to win this election.
Back in 1929, there was a shortage of jobs. Today we have a similar
scenario. Of course, it depends who you ask. If you ask a republican,
he'll tell you that the economy is doing great. If you ask a democrat,
he'll tell you that the economy is dying.
So, there is not a clear answer. People are divided.

A lot of people complain about the economy.
Back in 1929 there was a huge crash in the stock market, and
now in 2000-2002 there was a similar recession.
Many stocks went from $100/share to nothing.

Back in 1929 F.D.R. said he can fix the problem.
Today Kerry says he will fix the problem.

A recent poll at CNN showed that the general public
thinks that the economy needs more attention than the
war on terror. About 60% of the people think that
job shortage, layoffs, economic stagnation, high oil prices,
falling dollar is a greater problem than terrorism.
What most people think is that obviously the economy needs fixing.

And I think this is a big misconception. This is the same
misconception that people had back when F.D.R. came to power.

I was completely shocked to see the polls. This shows that a lot of
people have absolutely no idea how the economy works.
They do not understand that it is completely normal for the economy
to act "bad" sometimes. There is nothing wrong with a recession.
Bulls and recessions are like summer and winter -- they come and
go which is normal. Nothing needs to be fixed!!!
Capitalism can take care of the situation.
If it's not broken, don't fix it.

People expect the government to fix the economy.
The economy is like the weather. You cannot fix the weather.
The government cannot tell the hurricanes to go away.
Not to mention that hurricanes are needed to cool down the ocean.
If no hurricanes would exist, there would be other serious problems.
For example, the sea would overheat and the fish would die.
If the government could make sure that there are no bear markets
and no recessions and no job shortages, no bankruptcies -- this would
have other serious consequences. And I bet the economy wouldn't let us get away with it!

People shouldn't expect the government to control the economy, because
if they do, sooner or later the government WILL try to control it.
And it won't be nice. The government cannot and should not control the
economy. It is best when it's left alone.

Today we have Kerry's New Deal promising jobs and everything, and
back then there was FDR's New Deal that promised recovery.

So, it would not surprise me if Kerry would be elected.
There are a lot of ignorant people around nowadays.

FDR's New Deal founded the federal deficit which is now
around 7 trillion dollars. I am not sure how much Kerry's
New Deal would eventually cost, but I guess it would
do at least as much damage.

Surely hell is on the way!

Unfortunately George W. Bush is a big spender too.
He does not seem to worry about the federal deficit.

The debt must not grow too fast or else we outspend ourselves.
What would happen if we spent more than we produced?
Too bad...

I am a Christian, and I believe that an evil world leader will
rise and take control somehow. The Bible says that he
will rule over the whole earth. This is the anti-christ.
America will eventually lose its power to this leader.

I have been thinking about how he will get to power,
and I think it could be pretty simple. Just as Pharaoh became
the dictator of a whole region in ancient history by making
some good trading decisions, a new powerful leader could arise
anytime from any country by doing something similar: making wise
decisions before and during a world-wide economic catastrophe.

In ancient history, there was a huge drought which gave the
opportunity to Pharaoh. So I would not be surprised if another
similar situation would arise. There are some scary judgments
listed in the book of Revelation in the Bible. It also mentions
some meteor falling into the earth wiping out third
of the population. If that happens, clearly that would be an
economic catastrophe. Maybe somebody (the anti-christ) will know
when this will happen, where it will fall, and what will be
the consequences. Knowing these, he will be able to make
good financial decisions which would raise him to power
in a very short period of time.

This tells me that it is not a good idea to buy and hold
for the long-term. The far future can be full of surprises.
You just never know...

Maybe investing in gold is a good idea. From a technical point
of view, gold is near support right now, and it could be a good
buy point at this time. However, if it breaks, it can fall a lot.
Recently it looked very weak, so I think gold will go down next year.


-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

Hello Wael,

This forum is not religious in any way. Everyone is welcome.

You should definitely stop trading if you do not understand technical
analysis.

There are many books to read, I would suggest that you read any book
that you can get your hands on! Start with the basics. Look for
the "encyclopaedia of Technical Analysis" for starters.

-Neal.

--- In technicalanalysismethods@yahoogroups.com, Wael Samuel
<wael_randa@y...> wrote:
> dear brother.
> I'm a chriistian too ..i'm a believer..
> I need your help to unedrstand the technical analysis..i'm tarding
here in toronto ..but my proplem i don't understand when the market
going down or up ..
> could you please help me by any website or books i can study the
charts and see a lot of exampls..
> i'm a pharmacist and i'm a servant for his name.
> thanks
> wael
>
> Zsolt Nagy Perge <zsnp@j...> wrote:
>
> [This post is a little bit like science fiction, so if
> you don't have time, you don't have to read this.]
>
> If the US federal government had a stock symbol, what kind of
> chart pattern would be visible on that chart? What do you think?
> A huge head-and-shoulders pattern? A long base? An ascending wedge?
> A nice, strong uptrend? A dying penny stock? What would it be?
> I am curious...
>
> I am wondering if it would be possible for the federal government
> to go public. They could issue some shares, and everybody could
trade
> them on the NYSE. I think it would be good for the government,
because
> it could raise some cash to pay off the huge federal debt.
> What do you think?
>
> I have a feeling that Kerry is going to win this election.
> Back in 1929, there was a shortage of jobs. Today we have a similar
> scenario. Of course, it depends who you ask. If you ask a
republican,
> he'll tell you that the economy is doing great. If you ask a
democrat,
> he'll tell you that the economy is dying.
> So, there is not a clear answer. People are divided.
>
> A lot of people complain about the economy.
> Back in 1929 there was a huge crash in the stock market, and
> now in 2000-2002 there was a similar recession.
> Many stocks went from $100/share to nothing.
>
> Back in 1929 F.D.R. said he can fix the problem.
> Today Kerry says he will fix the problem.
>
> A recent poll at CNN showed that the general public
> thinks that the economy needs more attention than the
> war on terror. About 60% of the people think that
> job shortage, layoffs, economic stagnation, high oil prices,
> falling dollar is a greater problem than terrorism.
> What most people think is that obviously the economy needs fixing.
>
> And I think this is a big misconception. This is the same
> misconception that people had back when F.D.R. came to power.
>
> I was completely shocked to see the polls. This shows that a lot of
> people have absolutely no idea how the economy works.
> They do not understand that it is completely normal for the economy
> to act "bad" sometimes. There is nothing wrong with a recession.
> Bulls and recessions are like summer and winter -- they come and
> go which is normal. Nothing needs to be fixed!!!
> Capitalism can take care of the situation.
> If it's not broken, don't fix it.
>
> People expect the government to fix the economy.
> The economy is like the weather. You cannot fix the weather.
> The government cannot tell the hurricanes to go away.
> Not to mention that hurricanes are needed to cool down the ocean.
> If no hurricanes would exist, there would be other serious problems.
> For example, the sea would overheat and the fish would die.
> If the government could make sure that there are no bear markets
> and no recessions and no job shortages, no bankruptcies -- this
would
> have other serious consequences. And I bet the economy wouldn't let
us get away with it!
>
> People shouldn't expect the government to control the economy,
because
> if they do, sooner or later the government WILL try to control it.
> And it won't be nice. The government cannot and should not control
the
> economy. It is best when it's left alone.
>
> Today we have Kerry's New Deal promising jobs and everything, and
> back then there was FDR's New Deal that promised recovery.
>
> So, it would not surprise me if Kerry would be elected.
> There are a lot of ignorant people around nowadays.
>
> FDR's New Deal founded the federal deficit which is now
> around 7 trillion dollars. I am not sure how much Kerry's
> New Deal would eventually cost, but I guess it would
> do at least as much damage.
>
> Surely hell is on the way!
>
> Unfortunately George W. Bush is a big spender too.
> He does not seem to worry about the federal deficit.
>
> The debt must not grow too fast or else we outspend ourselves.
> What would happen if we spent more than we produced?
> Too bad...
>
> I am a Christian, and I believe that an evil world leader will
> rise and take control somehow. The Bible says that he
> will rule over the whole earth. This is the anti-christ.
> America will eventually lose its power to this leader.
>
> I have been thinking about how he will get to power,
> and I think it could be pretty simple. Just as Pharaoh became
> the dictator of a whole region in ancient history by making
> some good trading decisions, a new powerful leader could arise
> anytime from any country by doing something similar: making wise
> decisions before and during a world-wide economic catastrophe.
>
> In ancient history, there was a huge drought which gave the
> opportunity to Pharaoh. So I would not be surprised if another
> similar situation would arise. There are some scary judgments
> listed in the book of Revelation in the Bible. It also mentions
> some meteor falling into the earth wiping out third
> of the population. If that happens, clearly that would be an
> economic catastrophe. Maybe somebody (the anti-christ) will know
> when this will happen, where it will fall, and what will be
> the consequences. Knowing these, he will be able to make
> good financial decisions which would raise him to power
> in a very short period of time.
>
> This tells me that it is not a good idea to buy and hold
> for the long-term. The far future can be full of surprises.
> You just never know...
>
> Maybe investing in gold is a good idea. From a technical point
> of view, gold is near support right now, and it could be a good
> buy point at this time. However, if it breaks, it can fall a lot.
> Recently it looked very weak, so I think gold will go down next
year.
>
>
> -- Zsolt
>
> ________________________________________________________________
> The best thing to hit the Internet in years - Juno SpeedBand!
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>>People shouldn't expect the government to control the economy,
>
>Fact is that the Government ( Federal + State ) control as much
>as the economy as they tax it

Yes, taxes have a very strong influence on the economy.
But the type of control I was referring to was government aid.
I did not mention "aid" but that's what I was thinking about.

For example, when the government gives aid to the airline industry,
that's an intervention or manipulation to help this sector of
the economy. In my opinion, the government grant to airlines was
nothing but a waste of money, because if a company is not needed or
doesn't know how to manage its finances, then it is going to go
bankrupt anyway sooner or later. That company should go bankrupt.
If the economy does not need a company, then it will vote it off,
and that company will go bankrupt. The government certainly did not
want any of the big airlines go bankrupt, so it pumped a little money
in that sector...

For example, Kerry wants to raise the minimum wage. This is another
type of government control which is not good. Raising the minimum wage
is going to cause employers to lay off some people. That in turn will
have many other consequences... And I think, one of the consequences
will be that the US dollar will sink a little bit more.
I think, the US dollar has received enough punishment,
and it needs to recover.

For example, the government has the ability to grow and create
jobs. That is yet another type of economic manipulation.
And this one is a very dangerous one, because the government DOES NOT
PRODUCE anything, but its entire income is from the people.
If all the government does is take money from the people and give it
back to the people, if there is no production but just this cycle,
then the US dollar would completely lose its value.

I believe that is the thinking of gold investors.
Gold goes up when US dollar loses value. As the federal government
grows and spends more and more, the US dollar loses more and more
of its value, and gold goes up. And we have this tendency in the US
that our presidents cannot cut back spending and put an end to
government expansion, because if they do, then the economy will suffer.
We have started out on a road downward, and it is very difficult to
turn back. I think the United States is now comparable to the
Titanic when it was stratched by the iceberg. WE STILL HAVE HOPE,
but if we continue on this road we are on (I am talking about the
growing government control of the economy), then it's going to
crush America. America can be crushed by socialism, the creeping evil.
And it's on the horizon. I am not talking about 40-80 years maybe.
Just as quickly as this nation was born, it can fall by
the mighty power of socialism. It's really scary.

Just as there is a tendency for head-and-shoulders patterns to break
the neckline, there is a tendency for capitalist systems to slowly
change and become a full-blown socialist systems and vice versa.

We are seeing before our eyes that European small countries are
getting further and further away from socialism, and they are slowly
changing adopting more and more of capitalism. I believe that in the
far future Europe is going to experience a tremendous economic growth.


-- Zsolt

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

>dear brother.
>I'm a chriistian too ..i'm a believer..
>I need your help to unedrstand the technical analysis..i'm tarding
>here in toronto ..but my proplem i don't understand when the market
>going down or up .. could you please help me by any website or books
>i can study the charts and see a lot of exampls..

Are you a daytrader?
Anyway. Here's my advice: Get out. Don't worry whether prices
are high or low. Forget about the market. Stop trading for awhile.

If you cannot tell whether prices are going up or down, you are gambling
with the money if you are trading like that. You don't want to be a
gambler, right? You want to be a trader.

Forget about the market. Don't watch it. Forget it. Assume that it
doesn't exist. And start learning. Once you learn some new things,
begin to watch the market, but make no trades yet.

Also, what I do is I try to look up a lot of stock charts. I look at
the all data charts (hundreds of them), and I select stocks that jumped
up 100% in few days or weeks. I study the chart patterns that preceded
these huge jumps. I collect a lot of these charts, because I want to
be able to spot these formations quickly.

For example, look at this chart:

http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=DOCC&startdate=01/\
01/1999&enddate=11/20/2001

What you see here is a typical example of what I am looking for.
This stock went from $4 to $5 and then 6 months later to over $15!!

Gather some symbols, examine the historical chart patterns.
And set up the chart in a way that it shows you the best time to
enter the stock. The above chart shows you the best time to enter that
stock. If you look at hundreds of good examples, your eyes will
be able to recognize what is a good stock. Also, you may study stocks
that fell a lot, because you want to recognize chart patterns that
are usually followed by a gap down or a huge fall. You want to avoid
buying these stocks. They are worst than anything, because they move
so quickly. You must be able to recognize these scenarios.
And how do you recognize them? By studying the historical charts.
Look for both volume and price patterns!

I also attached one of my links pages to this email. Open the
attachment and you will see a lot of good educational links on the
right. Read those. And also buy some books.

The stock market does not reward average traders. A trader has to be
superior in order to be profitable, because the best traders take
money away from the average traders. That's how it works.

You have to educate yourself to the point where you become SMARTER
than others. You can be a great medical doctor if you just learn what
all other doctors know, but in trading, you have to know MORE than
most others if you want to make money.

READ THESE BOOKS:

- Reminiscences of a Stock Operator by Edwin Lefevre.
- Technical Analysis of Stock Trends by Robert D. Edwards and John Magee.
- Japanese Candlestick Charting Techniques, Steve Nison.
- How to Make Money in Stocks: A Winning System in Good Times or Bad
   by William J. O'Neil.

Of course, you don't have to buy these. You can go to your local library
and get them. If your library doesn't have these, you may ask if they
can do an inter-library loan. I went to the library and ordered a book
that they didn't have. A few weeks later they called me back that they
have it now. They borrowed it from an Orlando Library, and I am in Pensacola,
FL. And it was free. So, if your local library doesn't
have the book, don't be discouraged...

There are other good books you can read, but I think these are one of
the basics that you should know.

Once you learn trading, don't start by jumping into daytrading.
That's a quick way to get killed.


-- Zsolt

Market Business:
BigCharts
Chart: Gold (Real-Time)
Chart: Gold, Oil, USD
Chart: International Indices
FutureSource
MSN Stock Screener
Public Chart Lists
Quotes: Market Indices
Yahoo Finance

News Research:
123 Jump
BarChart Market Overview
Bloomberg
Business Week Online
CNET Tech News
CNN/Money
ChangeWave
Dow Jones Web Links
Economist
EquityTrader
Financial Times
Forbes
Fortune
Futures Magazine
INET Book
InvestorGuide
Investor's Business Daily
Investor Home (Links)
Kiplinger (Financial Advice)
MorningTrader
Motley Fool
MSNBC
MSN Investor
MSN Money Central (Breaking News)
Nightly Business Report
PartTimeTrader
RedHerring
Stock Consultant
The Daily Reckoning
TheStreet.com
TradingCharts.com
VectorVest
ZDNet News

Educational:
20 Golden Rules
Candlestick Patterns For Day Trading
CBOE Options FAQ
CBOE Options Learning Center
Chart Patterns
Chart School
Economics
Global Value Investing
Glossary of Candlestick Indicators
Hard Right Edge
Investor Education
InvestorGuide University
IQchart Education
Manage Your Money
Money Investing
Phantom's Trading Rules
Quicken Glossary
TA Education
Technical Analysis: Introduction
The Investment FAQ
The Stock Market For Beginners
Trade10 Technical Analysis
Trade Tips
Trading Ideas
Trading Rules
Trading Techniques: Lessons
Understanding and Controlling Your Finances
Value Line University

Mutual Funds:
Mutual Funds Magazine
Yahoo Fund Screener

Stock Screeners:
CBS Market Screener
MSN Stock Screener
Yahoo Stock Screener
Zacks Stock Screening
Stock Scans
StockTA.com Screen

Regulatory Firms:
Federal Reserve
N.A.S.D.
S.E.C.

"LET'S KEEP THIS SITE DEVOTED TO TECH. ANALYSIS ONLY."

OK.
Sorry.

________________________________________________________________
The best thing to hit the Internet in years - Juno SpeedBand!
Surf the Web up to FIVE TIMES FASTER!
Only $14.95/ month - visit www.juno.com to sign up today!

Does anyone use skew and/or kurtosis in tech analysis?  If so, what
were the results?  Thank you.  Dr. Joe Pollani

>dear brother.
>I'm a chriistian too ..i'm a believer..
>I need your help to unedrstand the technical analysis..i'm tarding
>here in toronto ..but my proplem i don't understand when the market
>going down or up .. could you please help me by any website or books
>i can study the charts and see a lot of exampls..

Are you a daytrader?
Anyway. Here's my advice: Get out. Don't worry whether prices
are high or low. Forget about the market. Stop trading for awhile.

If you cannot tell whether prices are going up or down, you are gambling
with the money if you are trading like that. You don't want to be a
gambler, right? You want to be a trader.

Forget about the market. Don't watch it. Forget it. Assume that it
doesn't exist. And start learning. Once you learn some new things,
begin to watch the market, but make no trades yet.

Also, what I do is I try to look up a lot of stock charts. I look at
the all data charts (hundreds of them), and I select stocks that jumped
up 100% in few days or weeks. I study the chart patterns that preceded
these huge jumps. I collect a lot of these charts, because I want to
be able to spot these formations quickly.

For example, look at this chart:

http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=DOCC&startdate=01/01/1999&enddate=11/20/2001

What you see here is a typical example of what I am looking for.
This stock went from $4 to $5 and then 6 months later to over $15!!

Gather some symbols, examine the historical chart patterns.
And set up the chart in a way that it shows you the best time to
enter the stock. The above chart shows you the best time to enter that
stock. If you look at hundreds of good examples, your eyes will
be able to recognize what is a good stock. Also, you may study stocks
that fell a lot, because you want to recognize chart patterns that
are usually followed by a gap down or a huge fall. You want to avoid
buying these stocks. They are worst than anything, because they move
so quickly. You must be able to recognize these scenarios.
And how do you recognize them? By studying the historical charts.
Look for both volume and price patterns!

I also attached one of my links pages to this email. Open the
attachment and you will see a lot of good educational links on the
right. Read those. And also buy some books.

The stock market does not reward average traders. A trader has to be
superior in order to be profitable, because the best traders take
money away from the average traders. That's how it works.

You have to educate yourself to the point where you become SMARTER
than others. You can be a great medical doctor if you just learn what
all other doctors know, but in trading, you have to know MORE than
most others if you want to make money.

READ THESE BOOKS:

- Reminiscences of a Stock Operator by Edwin Lefevre.
- Technical Analysis of Stock Trends by Robert D. Edwards and John Magee.
- Japanese Candlestick Charting Techniques, Steve Nison.
- How to Make Money in Stocks: A Winning System in Good Times or Bad
  by William J. O'Neil.

Of course, you don't have to buy these. You can go to your local library
and get them. If your library doesn't have these, you may ask if they
can do an inter-library loan. I went to the library and ordered a book
that they didn't have. A few weeks later they called me back that they
have it now. They borrowed it from an Orlando Library, and I am in Pensacola, FL. And it was free. So, if your local library doesn't
have the book, don't be discouraged...

There are other good books you can read, but I think these are one of
the basics that you should know.

Once you learn trading, don't start by jumping into daytrading.
That's a quick way to get killed.


-- Zsolt

Market & Business: 
BigCharts 
Chart: Gold (Real-Time) 
Chart: Gold, Oil, USD 
Chart: International Indices 
FutureSource 
MSN Stock Screener 
Public Chart Lists 
Quotes: Market Indices 
Yahoo Finance 
News & Research: 
123 Jump 
BarChart Market Overview
Bloomberg 
Business Week Online 
CNET Tech News 
CNN/Money 
ChangeWave 
Dow Jones Web Links 
Economist 
EquityTrader 
Financial Times 
Forbes 
Fortune 
Futures Magazine 
INET Book 
InvestorGuide 
Investor's Business Daily 
Investor Home (Links) 
Kiplinger (Financial Advice) 
MorningTrader 
Motley Fool 
MSNBC 
MSN Investor 
MSN Money Central (Breaking News) 
Nightly Business Report 
PartTimeTrader 
RedHerring 
Stock Consultant 
The Daily Reckoning 
TheStreet.com 
TradingCharts.com 
VectorVest 
ZDNet News 
Educational: 
20 Golden Rules 
Candlestick Patterns For Day Trading 
CBOE Options FAQ 
CBOE Options Learning Center 
Chart Patterns 
Chart School 
Economics 
Global Value Investing 
Glossary of Candlestick Indicators 
Hard Right Edge 
Investor Education 
InvestorGuide University 
IQchart Education 
Manage Your Money 
Money & Investing 
Phantom's Trading Rules 
Quicken Glossary 
TA
Education 
Technical Analysis: Introduction 
The Investment FAQ 
The Stock Market For Beginners 
Trade10 Technical Analysis 
Trade Tips 
Trading Ideas 
Trading Rules 
Trading Techniques: Lessons 
Understanding and Controlling Your Finances 
Value Line University 
Mutual Funds: 
Mutual Funds Magazine 
Yahoo Fund Screener 
Stock Screeners: 
CBS Market Screener 
MSN Stock Screener 
Yahoo Stock Screener 
Zacks Stock Screening 
Stock Scans 
StockTA.com Screen 
Regulatory Firms: 
Federal Reserve 
N.A.S.D. 
S.E.C. 

Dear Brother .

I want to thank you for your advice.It came on time for me.I started learning ..

all info you sent me are very valuable.your a very wonderful brother.

thanks

have a great day

wael

Zsolt Nagy Perge <zsnp@...> wrote:

>dear brother.
>I'm a chriistian too ..i'm a believer..
>I need your help to unedrstand the technical analysis..i'm tarding
>here in toronto ..but my proplem i don't understand when the market
>going down or up .. could you please help me by any website or books
>i can study the charts and see a lot of exampls..

Are you a daytrader?
Anyway. Here's my advice: Get out. Don't worry whether prices
are high or low. Forget about the market. Stop trading for awhile.

If you cannot tell whether prices are going up or down, you are gambling
with the money if you are trading like that. You don't want to be a
gambler, right? You want to be a trader.

Forget about the market. Don't watch it. Forget it. Assume that it
doesn't exist. And start learning. Once you learn some new things,
begin to watch the market, but make no trades yet.

Also, what I do is I try to look up a lot of stock charts. I look at
the all data charts (hundreds of them), and I select stocks that jumped
up 100% in few days or weeks. I study the chart patterns that preceded
these huge jumps. I collect a lot of these charts, because I want to
be able to spot these formations quickly.

For example, look at this chart:

http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=DOCC&startdate=01/01/1999&enddate=11/20/2001

What you see here is a typical example of what I am looking for.
This stock went from $4 to $5 and then 6 months later to over $15!!

Gather some symbols, examine the historical chart patterns.
And set up the chart in a way that it shows you the best time to
enter the stock. The above chart shows you the best time to enter that
stock. If you look at hundreds of good examples, your eyes will
be able to recognize what is a good stock. Also, you may study stocks
that fell a lot, because you want to recognize chart patterns that
are usually followed by a gap down or a huge fall. You want to avoid
buying these stocks. They are worst than anything, because they move
so quickly. You must be able to recognize these scenarios.
And how do you recognize them? By studying the historical charts.
Look for both volume and price patterns!

I also attached one of my links pages to this email. Open the
attachment and you will see a lot of good educational links on the
right. Read those. And also buy some books.

The stock market does not reward average traders. A trader has to be
superior in order to be profitable, because the best traders take
money away from the average traders. That's how it works.

You have to educate yourself to the point where you become SMARTER
than others. You can be a great medical doctor if you just learn what
all other doctors know, but in trading, you have to know MORE than
most others if you want to make money.

READ THESE BOOKS:

- Reminiscences of a Stock Operator by Edwin Lefevre.
- Technical Analysis of Stock Trends by Robert D. Edwards and John Magee.
- Japanese Candlestick Charting Techniques, Steve Nison.
- How to Make Money in Stocks: A Winning System in Good Times or Bad
  by William J. O'Neil.

Of course, you don't have to buy these. You can go to your local library
and get them. If your library doesn't have these, you may ask if they
can do an inter-library loan. I went to the library and ordered a book
that they didn't have. A few weeks later they called me back that they
have it now. They borrowed it from an Orlando Library, and I am in Pensacola, FL. And it was free. So, if your local library doesn't
have the book, don't be discouraged...

There are other good books you can read, but I think these are one of
the basics that you should know.

Once you learn trading, don't start by jumping into daytrading.
That's a quick way to get killed.


-- Zsolt

Market & Business: 
BigCharts 
Chart: Gold (Real-Time) 
Chart: Gold, Oil, USD 
Chart: International Indices 
FutureSource 
MSN Stock Screener 
Public Chart Lists 
Quotes: Market Indices 
Yahoo Finance 
News & Research: 
123 Jump 
BarChart Market Overview 
Bloomberg 
Business Week Online 
CNET Tech News 
CNN/Money 
ChangeWave 
Dow Jones Web Links 
Economist 
EquityTrader 
Financial Times 
Forbes 
Fortune 
Futures Magazine 
INET Book 
InvestorGuide 
Investor's Business Daily 
Investor Home (Links) 
Kiplinger (Financial Advice) 
MorningTrader 
Motley Fool 
MSNBC 
MSN Investor 
MSN Money Central (Breaking News) 
Nightly Business Report 
PartTimeTrader 
RedHerring 
Stock Consultant 
The Daily Reckoning 
TheStreet.com 
TradingCharts.com 
VectorVest 
ZDNet News 
Educational: 
20 Golden Rules 
Candlestick Patterns For Day Trading 
CBOE Options FAQ 
CBOE Options Learning Center 
Chart Patterns 
Chart School 
Economics 
Global Value Investing 
Glossary of Candlestick Indicators 
Hard Right Edge 
Investor Education 
InvestorGuide University 
IQchart Education 
Manage Your Money 
Money & Investing 
Phantom's Trading Rules 
Quicken Glossary 
TA Education 
Technical Analysis: Introduction 
The Investment FAQ 
The Stock Market For Beginners 
Trade10 Technical Analysis 
Trade Tips 
Trading Ideas 
Trading Rules 
Trading Techniques: Lessons 
Understanding and Controlling Your Finances 
Value Line University 
Mutual Funds: 
Mutual Funds Magazine 
Yahoo Fund Screener 
Stock Screeners: 
CBS Market Screener 
MSN Stock Screener 
Yahoo Stock Screener 
Zacks Stock Screening 
Stock Scans 
StockTA.com Screen 
Regulatory Firms: 
Federal Reserve 
N.A.S.D. 
S.E.C. 

---

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Hello Wael,

This forum is not religious in any way. Everyone is welcome.

You should definitely stop trading if you do not understand technical
analysis.

There are many books to read, I would suggest that you read any book
that you can get your hands on! Start with the basics. Look for
the "encyclopaedia of Technical Analysis" for starters.

-Neal.

--- In technicalanalysismethods@yahoogroups.com, Wael Samuel
<wael_randa@y...> wrote:
> dear brother.
> I'm a chriistian too ..i'm a believer..
> I need your help to unedrstand the technical analysis..i'm tarding
here in toronto ..but my proplem i don't understand when the market
going down or up ..
> could you please help me by any website or books i can study the
charts and see a lot of exampls..
> i'm a pharmacist and i'm a servant for his name.
> thanks
> wael
>
> Zsolt Nagy Perge <zsnp@j...> wrote:
>
> [This post is a little bit like science fiction, so if
> you don't have time, you don't have to read this.]
>
> If the US federal government had a stock symbol, what kind of
> chart pattern would be visible on that chart? What do you think?
> A huge head-and-shoulders pattern? A long base? An ascending wedge?
> A nice, strong uptrend? A dying penny stock? What would it be?
> I am curious...
>
> I am wondering if it would be possible for the federal government
> to go public. They could issue some shares, and everybody could
trade
> them on the NYSE. I think it would be good for the government,
because
> it could raise some cash to pay off the huge federal debt.
> What do you think?
>
> I have a feeling that Kerry is going to win this election.
> Back in 1929, there was a shortage of jobs. Today we have a similar
> scenario. Of course, it depends who you ask. If you ask a
republican,
> he'll tell you that the economy is doing great. If you ask a
democrat,
> he'll tell you that the economy is dying.
> So, there is not a clear answer. People are divided.
>
> A lot of people complain about the economy.
> Back in 1929 there was a huge crash in the stock market, and
> now in 2000-2002 there was a similar recession.
> Many stocks went from $100/share to nothing.
>
> Back in 1929 F.D.R. said he can fix the problem.
> Today Kerry says he will fix the problem.
>
> A recent poll at CNN showed that the general public
> thinks that the economy needs more attention than the
> war on terror. About 60% of the people think that
> job shortage, layoffs, economic stagnation, high oil prices,
> falling dollar is a greater problem than terrorism.
> What most people think is that obviously the economy needs fixing.
>
> And I think this is a big misconception. This is the same
> misconception that people had back when F.D.R. came to power.
>
> I was completely shocked to see the polls. This shows that a lot of
> people have absolutely no idea how the economy works.
> They do not understand that it is completely normal for the economy
> to act "bad" sometimes. There is nothing wrong with a recession.
> Bulls and recessions are like summer and winter -- they come and
> go which is normal. Nothing needs to be fixed!!!
> Capitalism can take care of the situation.
> If it's not broken, don't fix it.
>
> People expect the government to fix the economy.
> The economy is like the weather. You cannot fix the weather.
> The government cannot tell the hurricanes to go away.
> Not to mention that hurricanes are needed to cool down the ocean.
> If no hurricanes would exist, there would be other serious problems.
> For example, the sea would overheat and the fish would die.
> If the government could make sure that there are no bear markets
> and no recessions and no job shortages, no bankruptcies -- this
would
> have other serious consequences. And I bet the economy wouldn't let
us get away with it!
>
> People shouldn't expect the government to control the economy,
because
> if they do, sooner or later the government WILL try to control it.
> And it won't be nice. The government cannot and should not control
the
> economy. It is best when it's left alone.
>
> Today we have Kerry's New Deal promising jobs and everything, and
> back then there was FDR's New Deal that promised recovery.
>
> So, it would not surprise me if Kerry would be elected.
> There are a lot of ignorant people around nowadays.
>
> FDR's New Deal founded the federal deficit which is now
> around 7 trillion dollars. I am not sure how much Kerry's
> New Deal would eventually cost, but I guess it would
> do at least as much damage.
>
> Surely hell is on the way!
>
> Unfortunately George W. Bush is a big spender too.
> He does not seem to worry about the federal deficit.
>
> The debt must not grow too fast or else we outspend ourselves.
> What would happen if we spent more than we produced?
> Too bad...
>
> I am a Christian, and I believe that an evil world leader will
> rise and take control somehow. The Bible says that he
> will rule over the whole earth. This is the anti-christ.
> America will eventually lose its power to this leader.
>
> I have been thinking about how he will get to power,
> and I think it could be pretty simple. Just as Pharaoh became
> the dictator of a whole region in ancient history by making
> some good trading decisions, a new powerful leader could arise
> anytime from any country by doing something similar: making wise
> decisions before and during a world-wide economic catastrophe.
>
> In ancient history, there was a huge drought which gave the
> opportunity to Pharaoh. So I would not be surprised if another
> similar situation would arise. There are some scary judgments
> listed in the book of Revelation in the Bible. It also mentions
> some meteor falling into the earth wiping out third
> of the population. If that happens, clearly that would be an
> economic catastrophe. Maybe somebody (the anti-christ) will know
> when this will happen, where it will fall, and what will be
> the consequences. Knowing these, he will be able to make
> good financial decisions which would raise him to power
> in a very short period of time.
>
> This tells me that it is not a good idea to buy and hold
> for the long-term. The far future can be full of surprises.
> You just never know...
>
> Maybe investing in gold is a good idea. From a technical point
> of view, gold is near support right now, and it could be a good
> buy point at this time. However, if it breaks, it can fall a lot.
> Recently it looked very weak, so I think gold will go down next
year.
>
>
> -- Zsolt
>
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I am new to the group so forgive me if there was discussions in the
past. I am wondering if anyone has used Market Profile techniques
with stocks? It is mostly taught for commodities, but I feel it is
good with stocks as well. I have been studying it for 6 months now. I
can't say I am having tremendous success, but not because it doesn't
work, but more because it is very different and unique. Any thoughts??

I just joined the group and would like to say Hello. I am an avid
reader and would like to read a good book on gann. Connie Brown seems
to swear by this Gann Wheel stuff but in her 1998 Book says that
there is no book that covers the stuff because he never wrote one.

Also what is the best book on RN Elliot.

I'm kind of new to investing ... I've been doing it for 3,4 years.
Out of my limited studies, I've found to some extent technical
analyis can predict news, major announcements, or any intrest or
disintrest in a security.  I'm looking for better ways to identify
such patterns and also share some of the things I've learned.