Yes certainly. In fact, it is the first thing I look at and I look at muliple time frames to help determine if continuation, bounce or reversal is likely. Initial emphasis is placed on the longer time frame, and I use my analyses to determine trades on lower time frames.
%% Good points Visa ia ; i thought it[IBD] was cups + handles- you may have found a NEW pattern.LOL Another advantage big banks have; big ads.That way, BAC can get an article in Fortune magazine, doing snake oil fundamentals+losing lawsuits, and a few great up ticks [on 10 year bear market chart LOL] Another big problem with TA; its hard to see RR-railroad tracks top on candle charts. ================================================== ===========================================
%% One reason'' they dont call it TA''; my banker dad said''dont tell everything you know''[ LOL] TA is the study of price + volume. All use that,[price + volume] except the chicago trader that pulled out a big bag of cash + told the REALTOR '' buy the house-i dont care what its costs'' BUT even he, meant only one house[volume], + unusual not to care about price. Wisdom is profitable to direct
OH HOHOHOHOHOHOHOHOHOHOHOHOHOHOHOHOHOHOHO. EH HEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHE AH HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Was visiting with a banker friend yesterday and he walked me into the trading desk area. I glanced at the computer screens while there and every one of them that had charts open that I could see, had Bollinger Bands up and running.