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Re: redspinelpinktopaz post# 188408

Thursday, 04/25/2024 6:07:47 PM

Thursday, April 25, 2024 6:07:47 PM

Post# of 189372
You are certainly entitled to your analysis of those companies. Nonetheless, while I worked for them, they were the top 2 companies in the U.S. and billions of dollars were traded by them, meaning that others did not feel like you do.

In addition, being a Monday morning quarterback is easy to do.

Having said that, I only learned the basis of Tech analysis with them. My skills were fine tuned when I -re-started trading my own account in 2005 (Merrill and Pru) were long gone then.

For example. I was taught by those companies everything that has to do with Technical trading such as Bollinger Bands, RSI, Stochastic, Momentum, etc., etc., etc.. They all have some good in them and often work but I do not use them all that much (if at all). I have learned that established support and resistance levels and the 200 10-minute/daily/weekly/monthly MA's are what works for me. It is what the computers and algorithms use. The others do not give you clear entry and exit points as those do. Those offer clear levels where risk is controlled and profit potential can be at its max and that is a tangible thing that the computers and algorithms can key on.
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