"You see, the more you folks post, the more it becomes aparent that you folks are BSers."
Ronald: Applies to my notes, certainly, but I wouldn't paint the whole thread with the same brush. Read the notes by Michael, Dick Brown, etc., on money management, etc. Not BS -- not by any means. Much wisdom in them, in fact.
Any notes I could write on MOT would be unsatisfactory. They'd go something like this: If such and such, then maybe such and such, or if on the other hand such and such, then perhaps such and such, providing that such and such. Now while you don't use this particular indicator, I think it shows there's a possibility that such and such, if confirmed by this other indicator, which you might not use. However, if we look in this program at such and such, then there's a good chance of such and such, though the market could certainly take it in the exact opposite direction if such and such turns out to be true.
I have a hunch we would have been of like minds on the probable direction of MOT, though. I'll say that much. Maybe not, but probably. That doesn't mean I think it'll go in that direction, because on the other hand, there's a possibility that .....
Bollinger bands might be a good place to start with that chart. Chris' MACD 13/34/5 (or something like that) might be another approach. So many indicators. What do they say about the future? My indicators end at 3/19/2001, unfortunately. I can't even extrapolate, because I haven't trapolated yet. |
