Monday, March 22, 2004 6:39:03 PM
Alley,
Thank you for responding and for answering my questions.
Hearing from you clearly that TA will NOT predict; but merely provide signs which MAY indicate changes to come, put it all in perspective.
It may even be worthwhile for TA posters like yourself to put such a disclaimer in the TA posts, so those of us less informed on TA won't misinterpret your communication.
In the spirit of learning TA "signs", could you please elaborate?
VOLUME - It has been posted recently that declining volume after a fall is a sign of price stabilization.
RSI - It has been posted that the RSI at under 30 was considered oversold, and unsustainable at that level.
MARKET - It seems obvious enough that a down market, or bearish macro-economic conditions will act to pull us up or down with them.
What other things are we to glean from the remaining signs?
SOME SIGNS
VOLUME
MOVING AVERAGES
SUPPORT LEVELS
RESISTANCE LEVELS
MOMENTUM
CURRENT MARKET CONDITIONS
CHART PATTERNS
MACD
RSI
STO
Thank you
Davids
Thank you for responding and for answering my questions.
Hearing from you clearly that TA will NOT predict; but merely provide signs which MAY indicate changes to come, put it all in perspective.
It may even be worthwhile for TA posters like yourself to put such a disclaimer in the TA posts, so those of us less informed on TA won't misinterpret your communication.
In the spirit of learning TA "signs", could you please elaborate?
VOLUME - It has been posted recently that declining volume after a fall is a sign of price stabilization.
RSI - It has been posted that the RSI at under 30 was considered oversold, and unsustainable at that level.
MARKET - It seems obvious enough that a down market, or bearish macro-economic conditions will act to pull us up or down with them.
What other things are we to glean from the remaining signs?
SOME SIGNS
VOLUME
MOVING AVERAGES
SUPPORT LEVELS
RESISTANCE LEVELS
MOMENTUM
CURRENT MARKET CONDITIONS
CHART PATTERNS
MACD
RSI
STO
Thank you
Davids
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