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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Sean W. Smith who wrote (9953)3/25/1999 11:50:00 AM
From: TA2K  Respond to of 12039
 
"A Fib Extension or retracement is a leading indicator..."

Thanks, Sean, you've just given me a few more weeks of homework....

Actually, on MACD, Murphy says in The Visual Investor that it can be used as a predictor of what price is probably going to do. Specifically, divergences. (page 123)