RE: TA stuff ...6 Jun 2018 09:04
Aduk ... just keep watching the fundamentals ...these stack up in my opinion ...long term. When i say overbought, it just means that some, all, a mix of tge tech indicators are telling me, against its own past sp (could be a day, week, month, year) that the sp is currently too high. I like Dark Energy.s analogy.
Mkts get excited, get ahead of what.s seen in the sp movement alone. I.ll say it again, TA just supports and adds colour to the current sp ... fundamentals RULE long term ... and ultimately the truth will out. Aduk, you.re clearly brainier than me, just buy a book on it ... but get a decent one ... a £20 one. Be warned, you will get much conflicting data ...which will confuse ... I.m no expert, but did in a former life, have to look at them ... I.m out of touch with more modern stuff ie the AI trading stuff ... the rise of the machines ...