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Sigstroker observed:
>I have to disagree with this. Some of the best stock daytraders I know rely
>solely on TA. If you think stocks have a small daily range, you've been
>asleep during the 90's.
>
>jberentson@xxxxxxxxxx writes:
>
>> 1. Day trading stocks using technical analysis is, in my opinion, one of
the
>> most difficult things one can attempt, simply because stocks have a
small
>> daily range and will react to specific company, industry and general
market
>> conditions. Stock day traders play a different game of reading the
strategy
>> of market makers and generally do not rely on technical analysis.
When it comes right down to it, anything I can think of that would let you
"read the strategy of market makers" would pretty much have to qualify as
TA.
Owen Davies
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