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Strategies & Market Trends : Technical Analysis - Beginners

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To: Trader X who wrote (11516)	2/10/2001 6:29:10 PM
From: Smooth Drive	Read Replies (1) of 12039

Hello Trader X, KLAC - That is a nice example of an inverted hammer. As a candle greenhorn that's one of the single candles I've been looking for in the charts I'm flipping. Stockcharts has a nice site for displaying discussed charts too: stockcharts.com[l,a]daclyymy[pb50!b200!d21,2][vc60][iUa13,34,5!La8,17,9!La13,34,89] I agree that a reversal could happen here. It's banging its head on the bottom BB and I like the fact the volume was falling along with the price. The short MACD is not that oversold but shows the right stuff for an upturn. The longer MACD however is not ideal so if it did reverse it might not have much poop. Brooke, I use TC2000 and per one of your posts, I put 13 34 5 in a window next to 8 17 9 (which I've been using as my short term MACD). Wow -- at least in TC2000 the histograms mimic each other very closely. In the above stockcharts graph they are not as close. Are/do you use the 13 34 5 as your shorter term MACD? Take care, Eric

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