april chart, page-27

you know my opinion on indicators. Doesn't matter what you use I'll give you two rules that will put you miles in front.

1: Make the indicator fit the chart. The philosophy of one parameter fits all is a stupid one, it assumes that all stocks move in identical cycles. Find the right parameter for that chart and expect it to be different on the next chart.

2: Price doesn't give a rats what an indicator is doing. Only use indicators to support/rebut a price structure, so you could apply a stoch to assist with entries/exits on a H&S for example or OBV to assist with trend strength. Never take a signal from an indicator and expect price to comply with what the indicator says.

I'm off for the night
Cheers