Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Captain Jack who wrote (7415)	5/12/2001 11:02:30 PM
From: Chris	Read Replies (1) of 52237

ITW s/t - clearly 66.xxx is resistance.. i got my daily buy around 4/4/01. But just recently, my weekly buy was triggered. since weekly signals are not as timely as daily signals (ie: not as senstitive and filters out the daily noise), for my l/t approach on weekly buys, i would then wait for the daily signal to turn to buy in addition to a weekly buy or look for a good pullback. thus, you have 2 different timeframes giving buy. This method of analysis is known as as "multi timeframe analysis", which can also be used by daytraders in a similar fashion (using 5min and a 30 min timeframes) same principle here..

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