Composite Technology Corporation (fka CPTQE)

[PowerPole]

JohnnyBoy000--





Posted by: PowerPole
Date:1/30/2005 4:11:20 PM
Post #23 CYTR Board on IHUB

OT--LickitySplit--Chart Reading 101:

1> First, bring up an interactive chart.
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=cptc&time=&freq= This one you can have any time frame.

http://stockcharts.com/def/servlet/SC.web?c=CPTC,uu[w,a]dacayyay[db][pb20!b50][vc60][iLp14,3,3!La12,.... This one is good for longer term charts.

2> Next, you need to know chart patterns.
http://www.chartpatterns.com/ Load up a chart of your choosing and find patterns in it. YHOO has a lot of chart patterns.

3> To help you understand Technical Analysis(TA) terms like Moving Averages, Stochastics, MACD, Volume, etc.
http://help.yahoo.com/help/us/fin/chart/chart-08.html Be sure to click all links in "Related Links" on the top left.

4> To understand Candlestick Charts.
http://www.candlecharts.com/about-candles-basics.html

5> There are a lot of sites that have Chart Schools.
http://stockcharts.com/education/ This is one of my favorites. Do a search, and you'll come up with many more.

6> If you don't have real-time streaming charts. Scottrade will give you Scottrader for free with registration.
http://www.scottrader.com/ This one looks really good, but has no TA options other than Volume.

7> After you get #6, download MedVed Quote Tracker, also free. It has all of the Technical Indicators.
http://www.quotetracker.com/ When logging in, use the Scottrader server, and use the same user name and password you use at Scottrader.

8> If you only have one monitor running off your computer, I recommend at least having two. I have five. If you are interested, I can help you to install multiple monitors.

This is enough for now to get you started. If you have any questions, don't hesitate to ask. I find charts to be an essential tool. I don't think I could trade effectivly without them. I can't imagine not having them in my tool box, though there are many other tools in there as well.

Best Wishes,