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
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Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading Inc., a Maui, Hawaii-based stock market advisory service. Hayes has been/is a contributor to Telechart as Sir Aloha, Realmoney.com, SeekingAlpha.com
Founder of MarketWisdom.com - Swing Trades, Momentum Investing, Education & Mentoring - 14-day free trial. Author of The 5 Secrets To Highly Profitable Swing Trading, Crash - How to Protect & Grow Capital during Corrections, The Next Apple.