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If a security is trending, there is nothing more reliable than moving
averages, in my opinion. My primary trading indicator is a derivative of
several combined moving averages. I used this indicator profitably for 6
consecutive years in the T-Bond futures market. Unfortunately, the seventh
year, the market stopped trending. In choppy, whip-saw, sideways markets,
moving averages are definitely not the tool of choice. If you can determine
early on when a market is trending and when it is entering a choppy period,
you will be a VERY profitable trader. This is a "Holy Grail" of technical
analysis. Let me know when you find it.
Best,
Larry Carhartt
MasterDATA
The Only Source for Index & ETF Composite/Breadth Reports, Charts & Data
www.MasterDATA.com
lc@xxxxxxxxxxxxxx
818-701-6686
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of mr. bryan mccormick
Sent: Wednesday, September 07, 2005 7:46 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] (OT) Entire "statistics" discussion has
a major fault.
While we are picking apart TA the biggest danger in my
opinion is multicolinerarity. That is using exactly
the same type of indicator [say stochastics and rsi]
as confirmations of one another when in fact they are
measuring the same thing [momentum].
As to meaningless correlations I'd defend moving
averages of all indicators as being anything but.
There is a reason these are used in many areas of
analysis other than price data. Whether or not you can
trade them consistently to profit is a horse of
another color.
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