Nifty Premarket View.

I would like our "Doctor friends" to respond to this:
Whenever a patient comes to the doctor complaining of an illness, the basic steps a doctor takes is to check the patient's
Heartbeat with his stethoscope
Pulse rate with his fingers
Blood pressure with BP monitor AND
more tests done from the labs if the situation warrants.
Such a disciplined doctor makes correct progress - the easy way..the disciplined way.
No doctor gets obsessed with BP or pulse, etc but uses it to gauge the severity of the illness and he does not treat the symptoms but the illness with the acquired knowledge of these symptoms that was generated by the illness.
IN MARKETS too, just the study of prices may give you only supports and resistances but never the strength/ weaknesses or their continuity. The oscillator- study is similar to various tests done by the doctor to know the nature of the illness (One such example is given below with the 9 day Rsi chart) and using these one follows the market well.
Knowing about the disease is the primary job of the doctor and he does a better job of it by using these study of symptoms. Even EW practioners have found the use of oscillators as a great guide to label the moves - ask Robert Prechter.
As long as the trader limits himself to the study of oscillators/ indicators as "tools" only to understand the market's strength/ weakness/ direction and NOT get carried away/ obsessed by them, he/she would be on his/her path to "Getting rich slowly".