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Nicholas,
Instead of asking someone who doesn't have any confidence in indicators and
believes:
"traders spend much too much time creating indicators. None of these
indicators in the long run will give you more than a 50:50 chance at making
money."
Shouldn't you concentrate on traders that have had success with indicators
and ask the them what they are using? Generalizations, like the above
quote, are often, rationalizations for individuals that are incapable of
applying indicators properly.
Steve Karnish
CCT
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> From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Some indicators should work....
> Date: Friday, April 23, 1999 8:11 AM
>
> "traders spend much too much time creating indicators. None of these
> indicators in the long run will give you more than a 50:50 chance at
making
> money."
>
> I find it hard to believe that various indicators don't perform better
than
> others. Take the MACD, for instance. I think it would yield greater
than a
> zero return over time, if used properly.
>
> Haven't you found *some* indicators that you have developed confidence
in?
>
> Thanks,
> Nicholas
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