Forum Archive Index - September 2003
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[sharechat] TLS Chart
W69,
Here is an updated TLS chart with a 200 day simple moving average. You can
see that, while this indicator had limited use on its own, it provided
excellent confirmation of the trendline break "Buy" signal. A longer term
moving average would be better for anyone wanting to act on that alone.
This remains a nice tidy chart and shows just how well TA can work on heavily
traded stocks. It gives the lie to the claim that the use of technical analysis
automatically and inevitably leads to overtrading.
Regards,
Phaedrus.
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