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In a message dated 98-07-12 08:16:15 EDT, you write:
<< > I disagree. I believe Momentum and ROC are leading. right?
Yep, except when they lead you astray. Actually you are wrong, the aren't
leading indicators. They still turn based on what price actually just did.
Saw an interesting study once. Someone ran regressions of several
indicators
against price and got high coefficients of correlation. Then he shifted the
indicators in time so they would be predicting price, and reran the
regressions. The correlation coefficients went to hell indicating the
indicators don't in fact predict anything. They lag what price did.
Pete >>
Okay, Pete, so maybe ROC and momentum aren't leading. How about this. How
about the way Advanced Get gives price targets that are uncannily accurante?
I guess they use Retracement percentages etc.
Jim
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