andycan said:you are correct there too
and i like to bring to your attention your coments
1)daytrading is less risky, WRONG! daytrading is about 3 times more risky than
longer term trading, you risk getting stopped out unessarilly for the day just because
of a single day deviation (caused by daily news) even though you have predicted
the longertem trend right.
2) technical analysis and some indicators can accurately predict price turning points:
BIG FAT LIE! no one can , and no single indicator is of any use on its own
your first part is correct and incorrect there is no indicator that will give you turning points as for TA it depends what your definition of TA is
as for predicting turning points you are incorrect there are
and what are those then?
it's certainly not Fib ratios, or lss numbers, when they work they do an excellent job
but don't always work,