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Non-Tech : The Critical Investing Workshop
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To: RocketMan who wrote (29461)8/18/2000 11:10:33 AM
From: CAtechTrader  Read Replies (3) of 35685
 
GBLX...toppy? Look at the chart, its in a base..unless you are a "range" trader MACD and Stochastics are irrelevant..we trade for the big move, not a point or 2..both MACD and Stochastics have mathematical limitations that define the top of a range as overbought and the bottom of a range as "oversold"...by using them in a range, you miss all the breakouts to the upside and by waiting to buy on a pullback, you buy the breakout failures, which we want no part of...nothing personal, but we have taken these indicators apart...they are more art than science IMHO.
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