AMIGOS INVITATIONAL YEEHAW PORTFOLIO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: scouser who wrote (1033)	8/16/1999 8:46:00 PM
From: Sal D	Read Replies (1) of 1316

scouser, I see you are into Williams %R. I'm sorry if I repeat anything that has been discussed already, I'm just interested in how you are making out with it. I will admit it is one of the indicators that maybe I gave up on to soon, or maybe I don't fully understand it. Let me first go over my interpretation. It is very similar to the stochastic oscillator. It is plotted on an upside down scale thus the minus symbol before the values (I just ignore the minus symbol) Readings in the 80 to 100% range indicate an oversold condition and readings in the 0 to 20% range indicate an overbought condition (the opposite of the stochastic oscillator). I would usually wait for the stock price to change direction before I placed my trade. I would use MACD to monitor price change. In other words I would wait for a oversold signal and would also look for a MACD zero crossing as well. The Williams %R does seem to anticipate a reversal by forming a peak and turning down a few days before the the security does, and creates a trough and turn up a few days before the security does. But as we know nothing is an exact science. Good luck with it. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next