Open up your brokerage firm’s technical-analysis platform, and your eyes will drown in a sea of mystical metrics. Moving averages and relative-strength indicators are passé. Today’s traders can choose from a far more exotic menu. Perhaps the Aroon Oscillator is your chosen oracle? Are you an Elder Ray Bull Power man? A Chaikin Money Flow lady? Or do you prefer the Ichimoku Cloud with an overlay of VWAP?
If you find all this technical mumbo-jumbo overwhelming, then I have good news, gentle trader. You can chuck your charts...