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Strategies & Market Trends : TA Science Projects & Experimental Indicators -- Ignore unavailable to you. Want to Upgrade?

To: Smooth Drive who wrote (121)	5/27/1998 12:22:00 AM
From: ftth	Respond to of 237

[TA QUOTE OF THE DAY] On the Bullish/bearish sentiment indicator..... An indicator that measures sentiment will always be of value because fear and greed are eternal. The influences on fear and greed may change over time, but there's always going to be fear and greed. By using statistics, one can attempt to correlate market moves with these readings. Daily readings are too volatile to obtain an accurate measure; one can overcome this obstacle and formulate a dependable sentiment reading by using weekly readings and a smoothing filter. Technical Analyst John McGinley of Technical Trends