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Old 01-22-2007, 07:39 PM
chanakya chanakya is offline
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original post by the bucksstartshere

Well, it's night two here at TT central and dvd 3 is all Martha, all the time. Just a quick word of warning to anyone considering buying the course, and it's a small point in my opinion, there is NO flash here whatsoever. It's just Martha plowing through a powerpoint presentation. She rarely, if ever, strays from the script. It's like I'm half expecting a naked guy to beam in from the future and try to terminate her at some point. She seems to know her stuff. But if you're the type of person who just HAS to have someone cracking jokes and dropping stock-trading war stories along the way, you are going to be VERY disappointed. Don't take this as me being on my high-horse, but the learning itself should be entertainment enough, and if it's not, I would definitely think twice about dropping a grand on this type of course. As it is, the information has gone from inane to fascinating already, at least to a novice like myself. In fact, I've decided to forget that dvds 1 & 2 ever happened. Technitrader will now and forever be known in these posts as an 11 dvd set. Done.

So, dvd 1 (formerly known as dvd 3) starts out with trendlines. What are they, what are the various types, what can they tell you and how do you spot them? Interesting. (seriously) After 15 or 20 minutes of trendlines, we move on to. . .wait for it. . .waaaait for it. . .BUY SIGNALS baby! Can I just say, "Oh. Yes." That's what we've been waiting for. When does daddy BUY SOMETHING? Well. . .we don't know quite yet. Martha's easing us into things, like the little trading virgins that we are. We learn what some "early buy signals" look like and how to identify them. The great part is that you don't have to be some kind of savant to see them. I looked around at quite a few charts afterwards, and sure enough, there they were. Amazing what you can see when you know what to look for. Now, the rub is, you don't just run out and buy because you saw a "buy signal". There more to it. A lot more. Where does it take place on the trendline, what type of market is it, what type of stock is it, what do some of the other signals indicate, and so on. You know how on the free dvd they culled 3000 stocks down to a small handful that you might want to buy? Well they got there by subjecting those stocks to a lot of stringent requirements. The good news is that by the time you pick a stock to buy, it's been through the Technitrader ringer, therefore you should have a lot of confidence in it.

The final 20 minutes or so is about candlestick patterns and candlestick buy signals. These were SUPER interesting. We learned 4 patterns and 3 signals, and again, when you look at charts, there they are. These signals are more solid than the early signals we learned earlier, but again, this is just a jumping off point for more scrutiny.

So far, things have made a lot of sense (though I don't think we will ever actually get into WHY these patterns mean what they do. Martha & Howard are too cool for that dorky crap) and the BS meter hasn't gone off yet. Honestly, I was half expecting the dvds to consist of that cheesy infomercial guy with the beard telling me how i could retire in the next 9 months (and oh, by the way, do you want to buy 10 cases of "orange-glo floor cleaner"??) But Martha and Howard have been straightforward and no BS. There was so much information in DVD 1 (f/k/a 3) that with stopping to take notes, it took about 2 hours to get through. (Most of the info is in the book, but I find that actually taking my own notes helps me to retain the info.)

Next up, DVD 2 (f/k/a 4), and special guest presenters, the stars of "The Girls Next Door". (ok, not really, but how great would THAT be?)
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