Ric:
I think that you failed to answer Mr. Thompson's question as to
whether or not the default parameters of BC require substantial
modification.
Slimhart
--- In [EMAIL PROTECTED], "Rik Rasmussen" <[EMAIL PROTECTED]>
wrote:
> 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 Rasmussen
> Best Charts Yahoo Group Moderator
> http://groups.yahoo.com/group/bestcharts/
>
> -----Original Message-----
> From: chic thomson [mailto:[EMAIL PROTECTED]
> Sent: Thursday, December 02, 2004 7:22 PM
> To: [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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