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Re: leading/lagging indicators



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But are you not using previous data to construct retracements, waves, etc.?

>All RTs:
>
>To my understanding, any indicator based on historical price action (even
>from 1 tick ago) is lagging. Only projective techniques are leading: Fib.
>Wave etc. Cash markets or NASDAQ versus S&P or Bonds versus S&P etc. can be
>leading as they are based on a different market which may lead another.
>Various indicators such as the A/D line, TRIN or VIX are thought to be
>leading as they are constructed using different but related infomation.
>
>Peter.