|
PureBytes Links
Trading Reference Links
|
That's right. It's only an EMA a bit longer than 40 but that's all
there is. Sorry, no magic.
If the green and red buy and sell signals come from only an EMA then
the signals don't look so impressive anymore! The signals are just as
impressive. Nothing in TA works much better than moving averages.
There is only so much information that can be extracted from price and
volume information regardless of the rocket science formulas applied
to the data.
One guy told me that he was going to use accoustical mathematics to
find price patterns and trends in the market. Apparently he couldn't
hear what I was saying.
Despite the literally thousands of TA indicators that promise great
accuracy, moving averages still provide about 95% of the information
that can be gotten from any indicator.
Even if someone spends huge amounts of time and effort to extract the
other 5% not provided by an MA in order to have 100% of the
information that can be extracted from price and volume, the buy or
sell signals based on that information are only going to be correct
50% of the time or less.
TA is always based on fuzzy wuzzy scuzzy logic.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, aurelrich123 <no_reply@xxx> wrote:
>
> There is only a 40day MA ... that`s all ;-(((((
>
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|