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Dr PennyStock

02/16/13 3:33 PM

#17832 RE: rafa161 #17829

I only use stockcharts.com free version, nothing else, I don't search for patterns, I search for stocks with good volume going down, and, analyze one by one.
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reasondeep

02/16/13 4:07 PM

#17855 RE: rafa161 #17829

Rafa, I use patterns a great deal. If I may make a suggestion, software cant replace the brain's ability to take in patterns along with other bits of useful information. It's really helpful to learn Elliot Wave theory from writers like Constance Brown. Once you gain the ability to read basic patterns, you will never look at a chart the same again. Patterns on their own are never enough, but they sure as heck make indicators much more precise. Software is the easier way, but it is much more gratifying when you can simply glance at a chart and gain so much info. Takes a lot of hardwork to attain that level of proficiency but I think it's worth it.

I'll post an annotated chart here this weekend. Dr P's are excellent as well and I think wave analysis will complement his charts well.