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TJ,
| -----Original Message-----
| From: Trade Jack [mailto:trade_jack@xxxxxxxxx]
| Sent: Thursday, October 08, 1998 1:37 PM
| To: omega-list@xxxxxxxxxx
| Subject: Re: Gambling Indicators: They work!
|
|
| i partially disagree
|
| certain momemtum (velocity) and acceleration indicators lead
| price and
| provide countertrend setups,
| ie, indicator divergences with price. add pivots and intraday s&r to
| help filter false signals and fake-outs.
|
| i've been day trading s&p's for years and years like this.
|
| TJ
|
| never say "never" and never say "all"
|
| do agree, though, that price says it "all." best to learn "price"
| before trying dissect it with any lagging or leading indicator.
"best to learn 'price'" sounds like a deep zen saying. It also sounds like
what Bill (T-BONDTRADER) was referring to as "reading the tape".
Similar to what I asked Bill, could you please elaborate on just what you
mean by "best to learn 'price'"?
Thanks,
Neil
|
|
| ---T-BONDTRADER wrote:
| All indicators lag price.
|
|