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On Saturday, April 13, 2002, 11:10:12 AM, wavemechanic wrote:
w> Are you thinking that confluence is associated with Fibs only?
w> Could it be extended to any coincidence of indicators?
w> As long as the indicators are truely different (e.g., velocity vs acceleration, etc.).
How about a 50 ma and a 200 ma with identical values, and price is
approaching this value? Would this 'confluence' have more importance
than if the two ma's had quite different values?
ztrader
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