**OT** Yow, youse guys, I gotta jump in here.
Re: TA; there is no such thing as a "leading" TA indicator; or rather, if you find one, and play it 5 times in less than one year, you will be a millionaire;
"Stochastics" is a "generic term" for a programmable series of numbers that make an oscillator that can help some people form an opinion. (saying "stochastics show a buy" is similar to saying, "cars are a buy"; we have to know which one you mean);
RSI is, I assume, Welles Wilder's deal, variable in round numbers, 14 period RSI is not the same as 17 period RSI, (daily RSI would translate into 14 day RSI, for example);
"Momentum" is something I am not familiar with.
THAT BEING SAID: beach could be correct. It all gets back to what I have been "preaching"; if you want to look at TA, find something that makes sense to you and see if it works. We can sit and argue all night about whether or not the stock is giving a buy signal, because nobody has agreed on what signal we are looking at, and we don't agree on the validity of the filter either.
If you want to look at "Stochastics", try looking at the formation that appears in the overbought and oversold area and the time of the formation spent in each. Also, look for a "double hump" that diverges from the price action. (This took me 4 years to figure out, you can have it for free, you're welcome, check it out.)
On RSI, look at different periods. Look at two different periods, (or three if you want to get real serious), and how they interact, 11 day and 22 day for example. Long term is different that short term, short term is different than intra-day, different stocks appear to have different personalities on RSI, and the right RSI is a killer filter. (Try the double hump deal again.)
There are 1,000 other TA filters that you are not looking at. Sometimes they work and sometimes they don't.
If you don't like the fundamentals, I suggest you stop right there and find a different deal. It's not the computer's money. Don't let the computer make the call.
Finally, if you want to learn TA, SI is the place, there are some GENIUS TA people on this site, (no I am not one).
Thanks. |
