Tag Archives: NDX
Technical analysis has been a major cause of trader failures along with account undercapitalization. Here we show briefly how untested technical analysis claims about overbought/overbought conditions have misled traders into unprofitable trading.
The Nasdaq 100 fell below its 50-day moving average yesterday as it became evident from the immediate response in social media and financial blogosphere. But they were talking about a highly irrelevant indicator.