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Strategies & Market Trends : Chart Formations

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To: Mel Long who wrote (166)	7/13/1999 4:53:00 PM
From: sean sanders	Read Replies (1) of 967

Mel Long, I think it might depend on what you look at. I have murphy's book too and I think his point of talking about using stochastics or RSI or the MACD was to give a person 'one more card' to his playing deck (T.A. analysis). So if you use more then just candles your T.A. should be more accurate in 'fortelling' the future. So if you used the most 'reliable' candles with conjuction with stochs in either direction (ie shooting star with above 80 stochs) then Murphy is suggesting your outcome for success at playing this (form the short side) would be greater. did that make sense? btw that is what I got from murphy's book not necessarily my opinion on the matter. Sean

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