new discussion: MARKET TA - DIRECT V. INDIRECT
I thought this would be interesting topic to touch throw out, and see what kind of discussion we can end up with:
Example of Direct TA:
1) application of macd, moving avg, stochastics, etc. on the indices themselves.
Example of Indirect TA:
1) looking at breadth, new hi/lo's, COT #'s, VIX/VXN, etc.
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Because markets change over time, isn't it unwise to time the market using method #2?
Additionally, although the mkt indices might be in a downtrend, there might be specific sectors that might be moving. (oil, cyclicals, energy stocks, etc)
im talking about the big picture.
What is everyone's take on this?
enjoy the weekend all. |
