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Non-Tech : Quote.com QCharts -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (13516)4/13/2001 1:17:00 PM
From: Atin  Respond to of 17977
 
Oh please. Go away man . . . you're just getting tiresome. At least, address someone else who cares since I'm ignoring you from now on.

-A



To: ahhaha who wrote (13516)4/13/2001 6:36:44 PM
From: Spytrdr  Respond to of 17977
 
first a little theory:
equis.com

and now just a few examples on the predictive power of charts:

spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com
spytrdr.com

if you think noone can see these things coming based on charts alone you’re fooling yourself.
So it’s not, as you say simplistically, “price predicting price”, but certain price PATTERNS, FORMATIONS, COMBINATIONS predicting price.
The reason many indicators such as RSI, OBV, moving averages, trendlines, etc are extremely useful is because they provide confirmation –or not- of what you’re seeing in the raw price data.
RSI and the evening star candlestick, e.g., are extremely reliable, certainly much more so than your theories about “alien intervention in human affairs”.

___
<<Please tell me an effective decision procedure for determining a trend? There is none. If there were, you could tell me when the NAZ changed direction. It all depends on the time frame chosen, so it's completely arbitrary>>