short term trading - week starting 25 feb, page-119

Cheers valen.
Parabolic SAR....Another indicator in the technical jargon,that I have studied for years....& ended up dropping most of it.
Never trust a computer generated scan or a single indicator....All give false signals.
There is no substitute for "a good eye".
Scans & indicators are fine,but it is imortant to cultivate one's eye to quickly discern if a chart is magnificent...Average...Bad or...ugly.
It really boils down to 2 ingredients...Prce action & Volume.....These usually tell what the strong hands are doing.....Then..and only then ,one may resort to the numerous indicators for confirmation.
I must add that TA doesn't work well with our speculative bread & butter stocks....Getting to understand their personalities is vital if we are brave enough to play with them.