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ron,
thank you for your reply,I hope the readers will find useful.
Any decision from Fib retracements alone may be dangerous and cost a
lot of money.
Happy coding is not happy trading .
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "ronbo" <ronbo@xxxx> wrote:
> I'll throw in my 2 pennies too--.
>
> As Bill pointed out, These indicators MUST be used with other
indicators.
> either stochastic macd, VFI--all would be valuable here to
determine if the
> trend has changed and if we are oversold (imho the safest time to
buy)..
>
> As an example-- fast stochastic (8,3,3) and MACD (12/26/9)
triggered a sell
> on 4/28@xxxxxx the VFI gave a sell on 4/30 at 11761. while
neither of
> these 2 were in high overbot territory, they were high enough to
indicate a
> good down move might be in the offing.
>
> we just can't use 1 indicator to time the market--it needs to be a
basket of
> indictors. Which ones work best today will not work best
tomorrow. it
> depends on if the market is range bound, trending one direction or
the
> other, etc. DT's new invention in AFL gives us 1 more tool to try
and beat
> the other guy.
>
> Thanks again DT,
> ron
>
> -----Original Message-----
> From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> Sent: Saturday, June 12, 2004 8:58 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Fib solutions vs the tough market decisions
>
>
> Many [and potential] foreign traders preferred the TokyoSE the
last
> months.
> After a prolonged uptrend, the big boys [not the crowd !!]
decided to
> apply severe pressure [C]
> The index was loosing -2% or -3% or -5% without any serious
resistance.
> ---
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