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Strategies & Market Trends : Let's Talk Technical Analyisis (TA)

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To: cheapbastud who wrote (33)	11/10/2001 7:32:40 PM
From: Nazbuster	Read Replies (1) of 178

All of the indicators are just designed to create a visual interpretation of changing statistics. Imagine a stock that has a higher close every day for 7 days, but where the close is lower and lower within the daily range every day and the volume is diminishing each day. That stock would be VERY different from one with exactly the same Hi-Low daily pattern, but where volume was picking up and the closes were more to the upper end of the day's range. Things like Stochastic, MACD, RSI, Momentum, etc. are all designed to let you see these kinds of signals visually. You still need to be able to put that stock's behavior in the context of current news, sector behavior, and overall market sentiment. Also, fundamentals count.

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