Understanding Technical

[Henrik Ekenberg]

• There is absolutely no single "Holy Grail" indicator
• All indicators are lagging
• Volume and Price are the only non-lagging indications along with time
• Adding more indicators often gets you conflicting signals
• Choosing certain indicators will bias you one way or another
• Balancing them to keep it simple and manageable is the key
• Technical analysis superior than Fundamental analysis for day trading
• Know where promises and fortunes are being made.