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To: Backfill who wrote (3514)3/23/1998 2:27:00 PM
From: TradRgirl  Read Replies (1) | Respond to of 12617
 
Backfill:

I like moving averages but prefer macd...also find the ADX, PDI and MDI helpful. All of the indicators you mentioned are very good. However, keep in mind technical analysis is a lagging indicator...meaning that it reflects what has already occurred. I find them useful for setups (giving me a "list" to watch for the day)...but I find nothing is better than "reading the tape" in real-time to pinpoint entrys and exits. Both irby and Steve have gone into this subject in detail...and I'm definately of the same mindset.

Trade Happy!