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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (38187)	1/26/2000 11:35:00 PM
From: HairBall	Respond to of 99985

Benkea: TA only gives you the more probable choice Exactly, I don't follow the TA guy you two are talking about, but from the posted links I have noticed he uses patterns a lot. He also uses pattern price projection. I personally do not publicly post price projection, but I do it privately. I think the percentages for correct projections are low. However, what I do use are patterns for direction and support/resistance areas and trend lines for action points. Then I make decisions whether to make a play at these action points from contemporaneous indicator readings, level 2 and time/sales/volume data analysis. Regards, LG