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Hi (to who?)
Guess, whether the statment tells you something or not, depends on
alot of things. I for one, believe in this indicator. I also
believe that when a thermometer is placed in my mouth for a minute.
If it say's 103F, that I have a fever. I believe that.
BTW - the OBV chart of the QQQ also displayed Sell signals. Bearish
divergence that your not seeing now.
Bud Fox
>===== Original Message From metastock@xxxxxxxxxxxxx =====
>That statement doesn't tell me anything concrete. It implies though that you
>think indicators have no value?
>
>
>----- Original Message -----
>From: Al Taglavore <altag@xxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: Monday, February 19, 2001 4:56 PM
>Subject: Re: Question on using Indicators
>
>
>> AS>...My personal experience on using indicators..
>>
>> That is what they are: INDICATORS. As I have expressed before: the only
>> real things are price and volume.
>>
>> Al Taglavore
>>
>>
>> ----------
>> > From: Alexandros Spiroglou <a_spiroglou@xxxxxxxxxxxxx>
>> > To: metastock@xxxxxxxxxxxxx
>> > Subject: Question on using Indicators
>> > Date: Monday, February 19, 2001 1:20 PM
>> >
>> > Dear Listmembers
>> >
>> >
>> > I would appreciate any comment on the following:
>> >
>> > "Oscillator signals are often cast in the role of secondary indicators,
>> or market
>> > alerts: they warn of potential price developments. Price based signals
>> like breakouts,
>> > moving average crossovers , chart patterns function as the actual trade
>> triggers.
>> > This kind of discretionary integration of oscillator signals is likely
>to
>> be more
>> > useful for most traders than independent, systematic applications.
>> >
>> > However this raises the question of the added value of the oscillator in
>> such situations:
>> > because the price-based trade signals would occur regardless of the
>> activity of the
>> > oscillator"
>> >
>> > My personal experience on using indicators (RSI, MACD,ADX, etc)is to
>> "consult" these,
>> > when price is on a support or resistance level - to see any bullish or
>> bearish features-
>> > and act upon price action. But as previously mentioned since price
>action
>> is the
>> > main reason for entering a trade, what is the point of doing momentum
>> analysis at
>> > all?
>> >
>> > Recently I was observing a stock consolidate on a support level -and
>have
>> a positive
>> > RSI divergence-
>> > however a few days after, momentum fell, and the RSI trendline was
>> broken, and the
>> > stock broke support.
>> > I shorted the stock with a 5% stop-loss just above support (now
>> resistance)levels.
>> > Since my trade was based on price action, observing indicator behavior,
>> proved pointless.Even
>> > if the stock had indeed exhibited "textbook" behaviour and broke on the
>> upside,
>> > I would have simply bought it , but still the RSI would have given me no
>> "value"
>> > since my main entry-trigger would have been price action and not the
>> indicator pattern/value
>> > etc.
>> >
>> > Any comments/recommendations would be highly appreciated.
>> >
>> > Kindest regards
>> > Alex Spiroglou
>> >
>> >
>> > Find the best deals on the web at AltaVista Shopping!
>> > http://www.shopping.altavista.com
>>
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