Well those who want to scan a database of several hundred or thousand stocks in order to filter those which are in a trend for further evaluation. As an alternative, one could go through those thousands of charts and look at them in order to spot the trend ;-) Regards &
Technicals are a waste of time...things can change on a dime for whatever reason,something you won't see on a chart.Best way to daytrade is to watch level 2 action and follow the index futures.
yep, some of us do look at hundreds of charts in the course of an afternoon :eek: ...hones your skills, tightens up your game and gives a better sense of the macro as a side dish to boot like the potter who dirties up his hands with the clay, there's mystery in the manual that a scan can't touch... ;-)