Technical screens and chart patterns are essential tools for identifying potential market leaders regardless of the broader market's condition.

“I'm more of a I find my leaders by technicals and then I learn the fundamentals after I see the price move.”

The 10-week moving average is a reliable indicator of institutional support for the market trend.

“The red line's a 10-week moving average. That's an area of institutional support. I've said this over and over. The big institutions control the markets.”

Technical indicators like the 607 support line are valid tools for predicting market movements.

“That that should tell you something about technical analysis because I know there are some like technical analysis bears out there that are like Kevin lines don't matter. This line's been here for months. So copy it, you know, for what it's worth.”

Technical analysis involves observing price patterns and volume to identify breakouts and follow the actions of institutional investors.

“technical analysis is a totally different approach where you're just looking at how the price of a stock moves and the volume of trading activity that happens in a stock and trying to determine whether the stock price will go up and down or down, right?”

John Bollinger advises that a disciplined technical analysis routine should utilize indicators based on first principles and avoid using more than one indicator from the same analytical category.

“So we maintain a little taxonomy of indicators you know we we have momentum indicators we have accumulation distribution indicators we have volatility indicators and we never use more than one from each category”

Backtesting strategies against historical data is essential for understanding how a system performs across various market scenarios before live deployment.

“When I have created something from Lets after looking at the data of last 5 years or 10 years. Every type of event is covered in it. Most of it is 99% covered, but 99% of the events are covered except for 1% of the Black Spawn type.”