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Philip, thanks for the pointer.. I was so
surprised I had to actually look at page 120.
It's a good book, but Stochastic often turns
before price? Don't trade this one at home, folks.
-Neal.
At 03:01 PM 7/6/98 -0400, Philip Schmitz wrote:
>For what's it's worth, Ulrich, in "Trading for a
>Living" Alexander Elder refers to Momentum, RSI,
>and ROC as "leading" indicators.
>
>"Oscillators are leading or coincident indicators
>and often turn ahead of prices." (p. 120). He
>defines trend following indicators such as moving
>averages or the directional system et al. as
>lagging or coincident.
>
>Philip
>
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DiNapoli Fibonacci techniques -
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