Registered User
Joined: 3/16/2005
Posts: 36
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How can you use MS and Bop to predict price movement?
I looked at some past charts, and find that once MS cross its 22 day average,and keeps moving up,
as long as tsv is above its average and positive, there would most likely a continue moving up? Is that true?
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Registered User
Joined: 12/2/2004
Posts: 37
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Yes. The trend is your friend 'til it's end. The divergences between price pattern and these indicator patterns help identify (suggest) a change in trend might be coming. While its nice to have these reinforce an existing price trend, their power is in helping to identify a potential change in the trend. Since the indicators can only show historical patterns (can't see the future), all trades should have protective stops. A sudden change in trend direction might be seen in the indicators, but only after the fact.
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