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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.33+1.1%4:00 PM EST

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To: donald sew who wrote (1196)12/10/1998 2:25:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
Donald, I am in full agreement with you. On daily basis I am using TA for trading. The issue I wanted to bring up is those unexpected move wen a company anounces and it goes both ways up or down.

All my intention was to warn the novices not to rely to much on TA specially that I publish my scan daily which are pure TA scans.

Those that backfired did not get the whole picture neither my good intention.

One other example contradicting TA is HWP chart before earnings. OBV was positive toward earnings.

Haim
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