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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: feewaybill who wrote (3327)	9/18/1997 10:31:00 PM
From: Chris	of 42787

hi bruce, thxs for your efforts to learn and your questioning.. i'm learning too... couple things i've found out.. I did develop a CSS II system which im using. however.... my feeling right now is that my sell signals are mostly done either css II sell signal OR trendline break (major) -- whichever comes first. In a way, you can say my system is not mechanical. I'm also starting to use gann fanns and fib retrace now. Although I don't understand the "why's and what makes them work" (probably never will), I do find them effective. One example was done for GE at 62, where it made it's turnaround. since then, it has rebounded to 70. Another thing i'm using is the RSI (14) >50. Plot that with money flow, it works well as a good visual. I like to see money flow and rsi dip real low in the 30s and hook up. The captain hook signal (not developed by me) is pretty effective. Sometimes, i might get a css ii sell signal, but the hook symbol appears. i know that there will be a rally of some sort (minor push) and i can sell at a better price. I'm also beginning to use FA in my stock selection. I've started my own Excel FA sheets where I'm doing PEG anaylsis and applying john saughessy's "What works on wallstreet" --> low price-sales ratio with high relative strength values. I also find it fascinating that target prices are determined and they do seem to work well.. probably 20% fa and 80% ta for me right now, but I do see the value of FA.. I'm also reading the 2 market wizard books by schwager. Good books that emphasize risk management, trade plans, cutting losses, etc. I like to read them to "Clear my thoughts" and look at things objectively when i'm in a trade. I'm also beginning to look at industry indexes first and determine css buy signals.. then find picks within those rallying industries. another thing i've started doing is using relative strength plots vs. the s&p500. this is similar to the IBD RS indicator. You can also plot it vs the industry (to see if it's lagging/leading the industry). many things you can do. there is instructions at the equis site to tell you how to plot the relative strength vs. index indicator. try this fun site: www.vectorvest.com (choose free stock report) here are other sites for stock screeners: The latest issue of Business Week lists a number of websites that screen stocks. stockinfo.standardpoor.com techcharts.com stockscreener.com iqc.com netscreen.marketguide.com marketplayer.com investor.msn.com morningstar.net networth.quicken.com researchmag.com stocktools.com thomsoninvest.net wallstreetcity.com wsrn.com xls.com take care buddy..

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