Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (35824)	3/1/2002 6:02:17 PM
From: kozmo99	Read Replies (2) of 99280

Does 'old-fashioned' TA still work? on feb 25 i posted that the naz was near a 62% retracement, had just formed a bullish morningstar candlestick pattern, was bouncing of the lower bollinger band and was exhibiting a positive stocastics diversion. of course, the market then corrected for three days convincing me that nothing i had ever learned could be counted on any more (grin). but then today pops up and i am thinking, sheesh, is this market tough to figure or am i just cognitively challenged? maybe all those bullish signals of three days ago were saying something useful after all. i have no axe to grind here--i would just like to hear what others think about the usefulness of the TA signs,particularly in the above combination as mentioned. thanks to all willing to share an opinion. koz

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