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Old 04-03-2007, 06:08 PM
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Re: Technical Analysis: Is it voodoo? Or does it work?

I'm with dalby.

Most arguments against TA are generated by first defining TA in some limiting way. And said limitations are almost always as wrong as they are convenient to the arguer. Now James's offence is less egregious than usual but he's still doing it. Bad boy Soul.

If its based on price or price an volume or some combination of these then its technical analysis.

FWIW I trade based on Price alone using a couple of mas as a prop to help me see what longer time traders perceive as recent value in a trend. No volume. No market profile. No volume at bid/ask. No reading action on the dom. Just nice bar charts with a couple of mas to prop up my sense of current value. It works on usindexes, commodities, bonds, estx50, bund, eurfx, nikkei, kospi and that fiend that would have pleased fu manchu, the HSI

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