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  1. #2121
    Guru
    Join Date
    Apr 2007
    Location
    Hamilton New Zealand.
    Posts
    4,176

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    Quote Originally Posted by Bjauck View Post
    The NZX capitalisation is very small for the size of our economy - so many overseas based companies operate here.

    Since the beginning of 2020, I wonder how much of the positive boost to the NZX index performance is due to just three big stocks: CNU, FPH and ATM.
    On Wall St indexes it is the FAANG

  2. #2122
    Guru
    Join Date
    Apr 2007
    Location
    Hamilton New Zealand.
    Posts
    4,176

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    Quote Originally Posted by Cadalac123 View Post
    Hoop where did you learn your TA
    Before the mid 1990's I was a strict Fundie I originally viewed TA as "dark arts" The meaningless squiggly line method with a voodo type of self-fulfilling prophesy, if most people used TA and saw doom then bad things would happen. Back then a couple of "young turk" investors i occasionally bumped into down at the Pub had this"program thing" running on windows (before windows 95). It happened to be Metastock and these guys were making serious money out of it..Metastock was expensive back then and I bought a share of their program..That was the start of my journey to the "dark side"..Ridiculed by my other investing buddies and University teachers, I stayed with FA and dabbled with Metastock and made more money than them..until ..crash!!! my computer died and so did my Metastock..The "young turks' had finished Varsity and vanished so I started to do it manually and learn't TA from the ground floor upwards..Virtually self taught until early 2000 I then met up with TA Guru Phaedrus on Sharechat and later on Sharetrader forum.he was my Mentor so to speak..There were so many things I didn't know...
    Many years ago the Melbourne University had two major text books for their TA courses within their Business degree.
    1..Technical Analysis of the Financial Markets --John J.Murphy
    2..Encyclopedia of Chart Patterns --Thomas N Bulkowski.
    Learn these two books and you will be well on your way to be TA literate.
    A part of TA is Charting, this takes a while to understand..It may look easy but you have to develop an "eye" to see the chart's the correct way..this takes time and experience (viewing thousands of charts and their outcomes)
    Bulkowski has a website called The Pattern Site
    Last edited by Hoop; 01-07-2020 at 02:13 AM.

  3. #2123
    Senior Member
    Join Date
    Dec 2019
    Posts
    599

    Default

    Quote Originally Posted by Hoop View Post
    Before the mid 1990's I was a strict Fundie I originally viewed TA as "dark arts" The meaningless squiggly line method with a voodo type of self-fulfilling prophesy, if most people used TA and saw doom then bad things would happen. Back then a couple of "young turk" investors i occasionally bumped into down at the Pub had this"program thing" running on windows (before windows 95). It happened to be Metastock and these guys were making serious money out of it..Metastock was expensive back then and I bought a share of their program..That was the start of my journey to the "dark side"..Ridiculed by my other investing buddies and University teachers, I stayed with FA and dabbled with Metastock and made more money than them..until ..crash!!! my computer died and so did my Metastock..The "young turks' had finished Varsity and vanished so I started to do it manually and learn't TA from the ground floor upwards..Virtually self taught until early 2000 I then met up with TA Guru Phaedrus on Sharechat and later on Sharetrader forum.he was my Mentor so to speak..There were so many things I didn't know...
    Many years ago the Melbourne University had two major text books for their TA courses within their Business degree.
    1..Technical Analysis of the Financial Markets --John J.Murphy
    2..Encyclopedia of Chart Patterns --Thomas N Bulkowski.
    Learn these two books and you will be well on your way to be TA literate.
    A part of TA is Charting, this takes a while to understand..It may look easy but you have to develop an "eye" to see the chart's the correct way..this takes time and experience (viewing thousands of charts and their outcomes)
    Bulkowski has a website called The Pattern Site
    Appreciate it hoop

  4. #2124
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    3,146

    Default

    Quote Originally Posted by Hoop View Post
    A part of TA is Charting, this takes a while to understand..It may look easy but you have to develop an "eye" to see the chart's the correct way..this takes time and experience (viewing thousands of charts and their outcomes)
    Bulkowski has a website called The Pattern Site
    The really hard part is 'believing' ones analysis sufficiently to 'act' on it! Bulkowski is awesome, the bible of TA charts and patterns.

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