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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (49109)	1/24/2013 12:54:57 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68150

Too many traders tend to read too much into these indicators and assume that they have be absolutes. I tend to look at them more like a handicapping system for horses. Nothing is guaranteed, the indicators only give you a sense of the probability of the outcome. I would not get worried till the indices break back below the previous highs for an extended period of time. Most break outs to new highs will be followed by a re-test of the break out point.