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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Bernard Ng who wrote (9423)2/23/2001 8:36:10 AM
From: ChrisJP  Read Replies (1) | Respond to of 11130
 
Hi Bernard,

The reason why you have to make Fibonacci calculations and look at moving averages and other technical indicators is because big institutional traders base a lot of their buy/sell decisions on those indicators.

Good luck today -- Based on the current futures (NASDAQ down 61, S&P down 13) I think we're gonna need it, lol.

Chris