Technical Analysis

Use DMI (good for med to long term) to determine whether it is range bound or trending:

If trending, use moving average.. if range bound, use RSI or STC..


STC:

Good for short term; daily STC must be confirm by weekly STC..

RSI (leading):

1. Only use in range bound situation. Don't use if the market is in a primarily upward or downward trend.

2. Good mostly for short term use. Use weekly RSI for long term analysis. For short-term analysis, use 9 or 12 day- RSI, for medium or long term, use 9 or 14-week RSI. Better if the daily and weekly RSI confirm one another.

3. Breakout and crossing/bouncing the 50% line are better signals than 30/70 and divergance.

MACD (lagging):

1. Good for medium to long term analysis. Quite lagging for short term anlysis.

Williams %R: range bound... not good for trending market...