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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (85476)	11/6/2003 3:47:59 PM
From: bcrafty	Read Replies (2) of 209892

mc, "you're talking about the lady I love" I know; that's why I picked that one, so as to put a little twist to the question (from your perspective) and just to make us all think for a moment about the topic of indicator divergences. I was looking at AMD's daily chart the other night and I noticed many of the divergences there that we'd been discussing lately, and I thought "hey, those divergences definitely aren't offering much predictive ability on this one so far. What gives?" Bottom line that way I see it - the common wisdom is true - that trying to rely one (or even two) indicator setups can be somewhat unreliable. The more indicators one has line up, the better I would tend to think. BTW, AMD is one of my "leading ladies" too, as I'm long since 12 :~)

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