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Pastimes : ASK Vendit Off Topic Questions

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To: Bald Man from Mars who wrote (9994)	3/19/2000 10:58:00 AM
From: Vendit™	Read Replies (1) of 19374

When Im looking for entry into a stock I want to see the two stochastic lines below the 20-30 on the indicators scale and I want the fast line to be at least touching the slow line. The steeper the angle the better I like it. I then glance at the last candle that was formed. I like to see it tall and open with no shadow on the top. I then look at money flow and williams to make sure their direction it up but not too far off the bottom just yet. If all of that criteria is met and I like the stock I will make an entry the next morning if it is bullish in premarket trading. I try to get an entry no higher than the previous days close. When MACD signals that normally gives a stock a large % gain on that day so it pays to have a position prior to the MACD signal going positive. Once in a stock I start trying to calculate where the top is. On daily charts I first look at stochastics to make sure they are staying positive. I then key on Williams R and Money flow. Both of those indicators should remain headed up with not much bend in their angle. Once they make contact with the top of their scales they may stay glued there a few days but any pull back and away from the top of the scale is a bearish sign which many times will signal a top 1 day in advance. I hope this answers your grubby question! >>gg<<

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