Illogical - Major financial institutions announce multi-billion dollar write downs and the market rallies big.
Market rallies big, breaks through resistance points on chart on big volume, then shows absolutely no follow through.
Company announces it beats earnings estimates, stock gets...
No, not saying to buy when things look good and not when things look bad. What I'm saying is that when you're trading going by technicals that you often times do not look at fundamental data of a company, because waiting for everything to be perfect will surely keep you out of a good trade...
I am a technical based trader but here is one instance where I do take a look at the fundamentals of a stock, and here is why:
People who trade based on a chart will buy and sell on price and volume pattern, areas of support and resistance, and technical indicators like stochastics and...
You mean drunk, evil, and bad-intentioned - the answer is a resounding yes. That little bastid is devilish... have to keep him locked in the basement with a leather mask on his head like the dude from "pulp fiction"
Love the indicator... mine is slightly more complex but produces equal results... it involves a monkey, two bottles of tequila, and a dartboard... contact me if you need to know how to fine tune this complex process in order to maximize your trading results. :cool: :cool: :cool: