PDN 0.48% $12.48 paladin energy ltd

another ta opinion, page-4

  1. 5,798 Posts.
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    Dull - I'm not sure why you take any notice of those Yahoo TA summaries - they are generated automatically with no human interpretation. They are pretty useless really. My charting package (AmiBroker) will give me auto-interpretations too, but I take no notice of them either. They are pretty meaningless.

    Most of these auto-TA sites use nothing but price, and moving average crossovers, plus maybe the Bollinger Band position.

    They are very generic and not very accurate.

    Good TA will take several factors into account, then apply a level of user interpretation onto them, while trying NOT to apply any emotion to them. In other words, these auto-interpretations are good from the point of view that they are devoid of all emotion, but a good TA analyst will do that anyway, and take a lot more into account, such as volume (very important) and other indicators (not TOO many).

    Just IMHO, of course ;)
 
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