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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (8475)5/12/1998 1:47:00 PM
From: Chris  Read Replies (1) of 42787
 
[more thoughts]

<<Note that I have not mentioned the use of the "momentum" indicator? I see the
momentum indicator more like a speedometer where its general level tells you where
you are but does not necissarily give you ongoing indications of the momentum itself and
its likley continuation or change. In other words, the momentum indicator used in this
way is rather meaningless to me. However, by looking for S&R and trend of the
momentum indicator itself, and divergences from the price trend of the stock, at times
the momentum indicator can give you important clues as to the continuation or eventual
break down of the stock's trend.>>

just reinforces the idea that a trading system should incorporate a "slew" of indicators.. (sometimes, it cannot be 100% mechanical)

trendlines/support/resistnace
moving averages
momentum indicators
overbought/oversold oscillators
volume analysis

all of those factors/concepts must be "looked at" completely before a system can succeed (imo)..
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