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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (134670)	7/23/2006 8:13:59 AM
From: skinowski	Read Replies (3) \| Respond to of 209892

Yes, thanks for correcting, I meant overbought. In this setup he tries to catch strong moves when the oscillator remains extreme for some time. The problem with using TA is that much of it is quite subjective. True, there are objective aspects, like position against MA's. I read years ago that simply following MACD signals gives one a statistical edge - not large, only 3% - but give me 3% in Vegas, and I'll do fine... P&F charting is objective. Surprisingly, they also have some pretty good Elliott Wave programs, which are properly probabilistic and claim good results. Some years back I was a regular reader of "TA of Stocks and Commodities"... they may be a good source to check for "filters". traders.com Wow... I took a look and here is a quote from this month's interview... Maybe it's time to resubscribe.... g/ng I went through the idea that there were various sciences that try to explain or match the markets in terms of an analogous basis. Would mathematics explain it, or would a structure, like the Elliott wave, explain the physiological terms of a behavior pattern? I could only find one science that meshed with what markets were in terms of distribution patterns....