Eons: View message "Charting Software " in Stocks Group

Message 14 of 48

Charting Software

Hi,

I guess I'm a pre-beginner to stock investing. I have a friend who gave me several books which I read, and a CD course on a trading method called Quantum Swing Trader by Bill & Greg Poulos. I'm working my way through this trading method course.

Unfortunately my friend talks too fast and over my head to follow what he says. So I'm kind of own my own for the time being...Any suggestions are welcome. I don't want to try to learn alot of different trading methods. I wonder whether anyone reading this is familiar with the Quantum Swing Trader method?? Any ideas on where I can access charting software with stochastics that doesn't cost $4000?? or maybe one that is free access?? good websites??

Of course ideally I'd like to find a mentor, but I don't have one currently. I live in the Boston, MA area.

Thanks.

Sue

posted by enodeus

I use Mary Mason as a mentor. She runs a stock picking website and I have known her well over 10 years and watched her learn and play the market. You can check her blog out at www.stocksoup.blogspot.com or see her website at www.wallstreetbloomers.com. Oh and your first stock pick is free with membership. And membership, of course, is always free.

posted by pondlady
10 months ago

Thanks very much. I'll check it out!!

Sue

posted by enodeus
10 months ago

I think there may be some stochastics capeability on the charts on MSNmoney in the investing section. I haven't used that method so I am not sure. MarketBrowser also has many things you can do with their charts and there is a free part on their site too.

Good luck with your investing.

posted by dana2
9 months ago

Try www.bigcharts.com. You can adjust the settings in the left column to get a variety of charting styles.
A dirty trick is to give a chartist an unidentifed chart and ask him what happens next. All their lore works to a point and then falls apart.
The best you can hope for is that the chart will give you a feel for the market. It won't predict something like the general malaise we're in now.

posted by nightree
9 months ago

Right now might be a good time not to invest money. If you must invest now look at gold and health care. There are lots of sayings out there. One is don't catch a falling knife. Much of the market is falling. I put a little faith in charts, but they are much harder to read than you are lead to believe. The DOW looks like a head and shoulders pattern and that is not good.

posted by dana2
8 months ago