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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (32365)8/13/2002 8:12:04 PM
From: Smiling Bob  Read Replies (1) | Respond to of 59879
 
TAer's may want to review last few days DOW
I had expected DOW to close on Friday where it ended today.
My Friday call was heavily influenced by last Thursday's activity
Look at 5 day chart.
finance.yahoo.com^DJI&d=c&t=5d&l=on&z=b&q=l
Remove Friday afternoon pop and Monday's quick cancellation of that(both very light volume days) and DOW the returns on track.
What I am realizing is that TA definitely works(combined with some other analysis of course)
But what often interferes with TA is the closing bell.
(any thoughts -pro or con?)
TA probably doesn't concern itself with the clock too much
Eventually, the patterns do play out and we did get our retracement.
Message 17859003