Investment Banking Analyst with experience as prop trader on the Street as well as working in asset management. CFA candidate and Seeking Alpha writer. Specializing in value biotech and write Biotech Weekly. Personal opinions, not investment advice.
I enjoy reading the tape for what it says. Price, volume, and time are the only variables that matter. Indicators like RSI, MACD, Stochastic Oscillators, Bollinger Bands are based on past price action and are therefore lagging and often misleading