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konastitch

08/16/09 8:21 AM

#67100 RE: mw2006tn #67099

Nice one mw2006tn.

In the absence of news (never in the absence of FUNDAMENTALS here though) it's interesting to look at how we trade based on different technical indicators.

Now, being a novice at TA, I'm curious what would you say is the most "accurate" chart in your opinion? 60 minute, daily, weekly? That's something that's always been a little perplexing is that common indicators (say, a MACD or RSI, etc) don't necessarily run in line with one another based on the time period of the candlesticks.

Perhaps this is part of the reason that some strict fundamentalists look at TA like it's some sort of voodoo. It seems sometimes that TA guys will just go to the most "convenient" chart to try to prove a trend. It seems that sometimes a TA believer creates a theory and then looks for a chart to validate it.

We don't need to start the FA v. TA debate here - not the intent of my post...I'm just curious what you have found to be the most accurate of the charts and indicators when trying to predict a new trend (up or down) for SRSR.

TIA for any help you can give me understanding some of the finer points of TA when it comes to our baby here.

Have a good one.
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cruzdelsur

08/16/09 3:48 PM

#67121 RE: mw2006tn #67099

"MW", I like what you are saying.