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Alias Born | 11/11/2006 |
Monday, April 21, 2014 11:56:29 AM
Predicting movements in a stock with any chart indicator is always hit and miss. Even though fast Sto is about the most leading indicator there is, it still lags to a small degree. It follows the chart, not the stock. When you broaden the time horizon by saying this consolidation period should be over with in a few days or weeks, then you can pretty much rely on that statement.
I have been reading and learning still to date charts for over 15 years. They do trip me up occasionally, not really the chart, but the stock itself. I have found that time is not really predictable in chart form. Some times you can get lucky though.
Above said, you could be 100% correct. Let me assure you, I hope you are!!
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