RE: [bestcharts] Please clarify Bestcharts

[Rik Rasmussen]

I 
refer you to the recent postings by David Louisson here, and the FILES area of 
this Yahoo Group, and the archived messages for information on how to use Best 
Charts. Myself and others such as David have put a lot of effort in providing 
information on using Best Charts. It is up to new users to avail themselves of 
this available information first, before asking for it to be repeated here for 
their enlightenment.
 
Best 
Charts is not a "service". It does not provide data. When you pay for Best 
Charts, you are paying for a license to use the Best Charts software to analyze 
data you download from yahoo or other sources of your choosing. Just as Ford 
does not teach you to drive a car, Best Charts does not teach technical 
analysis. Best Charts does provide you many of the indicators and tools to allow 
you to do technical analysis. It remains your own responsibility to obtain a 
basic understanding of the functioning of the indicators, and technical analysis 
in general.
 
The 
signals provided by Best Charts should be very similar to those obtained using 
the same indicators and parameters in any technical analysis software, some 
costing hundreds of dollars more.
 
A free 
version of Best Charts remains available.
 

Rik RasmussenBest Charts Yahoo Group Moderatorhttp://groups.yahoo.com/group/bestcharts/ 


  -----Original Message-----From: chic thomson 
  [mailto:[EMAIL PROTECTED]Sent: Thursday, December 02, 2004 7:22 
  PMTo: [EMAIL PROTECTED]Subject: [bestcharts] 
  Please clarify Bestcharts
  
  
  
    Don't know if this is the proper forum for this, however I'd 
    appreciate a response. Not to open any wounds here, but recently one 
    person was upset because you stated he should get a better handle 
    on technical expertise, before investing, or something like that. He 
    responded that he was investing for several years.
    My question is perhaps naive, but aren't the parameters set as default on 
    bestcharts the established and most commonly ones used by the 
    technically oriented.? If so then aren't the buy/sell signals given by 
    some exact technical indicator, equivalent to some knowledgeable technician 
    pondering when lines cross, or when conditions are met? In essence doesn't 
    Bestcharts do the pondering for you? 
    When Bestcharts was free I used it continuously simply relying on the 
    certain signals to determine weather we were in a trading or 
    trending scenario. Thereafter I concentrated on indicators most 
    associated with that particular Scenario. I felt that was a logical 
    approach, but after many loses I simply gave up, and never signed up for 
    bestcharts when it became a paid service. 
    Was my investment thinking wrong?  What makes bestcharts paid 
    service different from the old? I really enjoyed experimenting with 
    bestcharts, but determined it did nothing for me. I'm sure it is a good 
    service, but exactly how does one approach Bestcharts, use it effectively, 
    and profit from it. Does Bestcharts take the guess work out of technical 
    indicators, or do we still need to untangle each indicator step by step 
    the old fashioned way?
     
    Thank you  [EMAIL PROTECTED]
     







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