Okay, here' s a BIG truth you'll almost never hear about trading: 99.999% of systems DON'T work! Here' s why: Forget all technical indicators - MA, MACD, RSI..etc etc.. the market can ALWAYS get more oversold when you thought you' re buying at oversold, and if you happen to be a channel breakout buyer, well it can crush you and take out all your stops the next minute. It CANNOT work, because a stock can ONLY go UP or DOWN, it' s like Roulette red/black with the ONLY advantage being that you don' t lose when the table hits 0 'cause that' s when the stock doesn' t move... So no indicator in the world can predict the market. it all comes out to luck in the end if you use indicators: you could have a "winning series" where your Elliott waves work perfectly, you make 50% in 3 months, and think you' re the King of the World..just to get cocky enough to languidly stumble into a dull range or even worse a "back to beginning" bear phase, where all your "dip-buying" eats your profits... don' t we all know this? haven# t we all been there..? so why do 99% of traders still look for the holy indicator grail.. forget it! There are 2 things that work. Here' s one. I know the fella who invented and traded this at a major firm and made real dough! Read carefully, and figure yourself how LOGICAL this is!