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![]() ![]() ![]() Section 4: President & Congress Subject: Happy Liberation Day! Msg# 1223785
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The chart I posted is a daily candlestick chart and some of the candles are obscured by the MAs and other indicators on the chart. I normally look at 5 minute, 65 minute, daily, and weekly charts and look for some agreement among the four on price direction. It really depends upon your time horizon as to which interval is more meaningful. The slope of a moving average can often indicate a change in price direction, but the longer the MA the more lagging the slope change.
There are hundreds of technical indicators out there, so its a good idea to avoid "indicator overload." It would be interesting if you and others would share what methods you use when choosing an investment, when to buy and sell, how you use listed options, using volatility to your advantage. etc. Might take our minds off of politics for a bit. |
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For reference, the above message is a reply to a message where: (You likely know the following background) Some folks prefer seeing the actual indices, instead of the smoothed averages of that posted chart. Hourly and/or Daily closings seem the most visited, and most seen on TV. But on-line, folks can make their choice to see charts of hourly, daily, 5 days, 3 months, YTD, Yearly, 3 yrs, 5 yrs. etc. Smoothed averages are likely less visited. And the monthly reports issued by brokers generally show month-end numbers, closing prices for an individual's stock holdings. Here's an on-line example: Click Here |