Breakouts only work because they're so popular.... when a moving averages cross, indicating a buy signal, then everyone buys.... and what happens when everyone buys? hmmm....... my tape reading would suggest that it's probably going up.
I read a post here by someone about indicators and chart reading, and now I cannot find it. It was very eloquent. Did it get deleted? Am I drinking too much already today?
I read a post here by someone about indicators and chart reading, and now I cannot find it. It was very eloquent. Did it get deleted? Am I drinking too much already today?
My post is missing. I made an analogy between indicators and thermometers and temperature and price. I didn't use the word 'analogy' at the time... so i don't know what part of what word the censor program might have found offensive.
