JP,
Many chartists and technical analysts believe that MAs, MACD and MACD divergence are very useful tools. These tools help us to identify shifts in advance of spotting them on price action.
I look at many indicators, including price action and trends, moving averages, continuation and reversal patterns, oscillators, RSI, et al, as well as my gut feelings. So far my TA has been for learning only, comparing notes with Margie and CBurnett.
As of this point, I have not used any measuring techniques, preferring to have a better understanding of past and current movements before I make dollar figure predictions.
But, since we do not agree on the validity of some of these indicators, let's just leave it at that. I'll make my comments and you can make yours; I'm sure this thread is intelligent enough to make up their own minds.
Denise. |
