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Saturday, August 29, 2009


Z has a requested charts MOS and POT.

If there was 1 indicator that works, then there would not be more than one. If there was 1 form of technical analysis that works, then there would not be more that one. Hence, I am throwing in the kitchen sink on the charts to give you a better picture. However, often more is not better and less is actually more.

Take a look at the Price Objective for P&F chart and compare that to the shaded area on the chart. I swear to you that I drew the shaded area first before checking the P&F chart. Remember, an objective does not always have to be met.

Leave comments if you have questions.