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You didn't. Technical indicators like that are nonsense
by brokensegue 8y ago
You didn't. Technical indicators like that are nonsense
- lesss365 8y agoRather than be dismissive, present your case. Moving averages and rsi are not the same as drawing arbitrary triangles. They actually measure trends in buying, selling, and price movements over a given period. And if you actually look at the 20,50,200 day moving averages for major indexes, you'll see significant moves in price where golden and death crosses occurred. They're legitimate indicators and used by professional traders within the finance industry
- cimmanom 8y agoWhat’s interesting to me is that that’s a technique that can be used to analyze trends other than financial ones.