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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: F Robert Simms who wrote (682)	4/8/1997 2:38:00 PM
From: CynicalTruth	of 3325

Hi Frank...I believe your post was intended for me <G>. Re: WinMidas. I'll agree that the Midas S/R curve is a bit cumbersome due to the fact that you have to launch the indicator at a low or high. With SC3.0 I have it set up so that I can just change the max bars back which is quick to do, thus moving the starting point. I haven't used either WOW or MS so I don't know the formula programming language but it would be unbelievable to me that either of them can't use a variable declaration to change the start day thus making it much easier to tune. " I have found that the support and resistance values is amazingly accurate." So have I. Almost to good to be true at times. And the thing is that the security price will run away from the indicator and later during a correction in price bounce off the S/R curve beautifully. Nothing's perfect of course, I have found a few issues that didn't cooperate. But I have also seen that it worked great on an issue that other traditional indicators didn't. Recently, on one stock I watch, it was the only indicator that the worked, all others where looking very bearish and the price bounced off the S/R perfectly. "Topfinder is very hard to use, it takes a great deal of skill in curve fitting and interpretation, even with the proper software. I am still learning it and can't speak to it's value." I can't get Top Finder programed in SC3 and the free demo runs out in about a week, but what I did find is that when fitted to the price curve some of the top predictions where a year or more into the future. I'm more a short term trader than that. I haven't used it after this recent market correction so I don't know what that may have done to the accuracy of the Top Finder. If you learn any more with it please let me know. Jøhn

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