TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (15833)	12/6/1999 1:05:00 AM
From: Jim Bishop	Read Replies (2) of 150070

My 4 favorite T/A indicators: from bigcharts.com Bollinger Bands, created by John Bollinger, are a type of envelope (or trading band) plotted at standard deviation levels above and below a moving average. Because standard deviation measures volatility, the bands widen during volatile markets and contract during calmer periods. "Sharp price changes tend to occur after the bands tighten, after volatility lessens. "When prices move outside the bands, a continuation of the current trend is implied. "Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend. "A move that originates at one band tends to go all the way to the other band. This observation is useful when projecting price targets." This indicator is displayed in two bands that are plotted at standard deviation levels above and below a moving average. Bollinger Bands provide a view of the current trading range. They can be used with other indicators to determine when it's time to buy or sell. --------------------------------- The Volume+ indicator identifies by colored bars when the trading volume contributed to a gain in price and when the trading volume was associated with a loss in price. The colors are labelled in the legend above the indicator. In addition to the color coding, the Volume+ indicator displays a symbol's 50-day average volume as a reference point. ---------------------------------- The Williams%R is a momentum indicator that attempts to measure overbought (bearish) and oversold (bullish) levels. According to some market analysts, when the indicator reaches levels of 80-100, it suggests the security is oversold, and readings in the 0-20 range signal overbought conditions. ----------------------- Gerald Appel's MACD (Moving Average Convergence/Divergence) indicator shows the relationship between two moving averages of prices. MACD is derived by dividing one moving average by another. It is based on the point spread difference between two exponential moving averages (EMA) of the closing price. The basic MACD trading rule is to sell when the MACD falls below its signal line and to buy when the MACD rises above its signal line. Some analysts use MACD as an oscillator and believe it is most effective in wide-swinging trading markets. They believe that when the MACD rises dramatically, it is likely that the security's price is overextending and will soon return to more realistic levels. Other analysts prefer to use MACD as a trend-following indicator, attempting to spot divergences in chart patterns. For example, a bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. These divergences are most significant when they occur at relatively overbought/oversold levels.

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