thetrader.se / August 30, 2012
Whether you believe it or not, people use technical analysis. The latest “indicator” is measuring sentiment by tracking Twitter feeds on individual stocks. Via Downside Hedge.
With the advent of social media sites such as Twitter, investors now have the ability to get real time sentiment information on individual stocks and stock market indexes. The Twitter stream can be read by a computer program that scores each tweet and aggregates the scores into a daily value for each individual stock. The resulting values can be used as a technical analysis indicator in stock charts similar to a Relative Strength Index (RSI) or a Moving Average Convergence/Divergence (MACD).
Thanks to BrotherJohnF