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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: wolfgangl who wrote (1803)6/30/1997 10:46:00 PM
From: Bill Sandusky   of 3325
 
Hello Wolfgang,

The BNS system does indeed look promising when viewing the overlay. Also looks good after the fact (reading right to left). But it's much more difficult trying to predict the future with this system. Still trying to get a handle on exactly what's important and what I'm looking at when making a trading decision. For sure, the Redline indicator is an excellent overbought/oversold indicator and has "leading" qualities. It's sending an important message when it's in these areas. I think it's also important to note anytime the AvgPrice indicator touches the RL indicator and is particularily important at the extremes.

Really haven't defined an exit strategy. Too many variables. For me, it's really the look of the chart. Course that makes it very subjective. Still rely heavily on CCI(13) for initial headsup and Macd(5,35,4) for trend confirmation.Take a look at BBRC, CELL, MK, RHBC, and RIG. These were all buys today on my acc/distr and BNS systems (BBRC was up +5.375 or +18.45%).

At this point, Wolfgang, I can't help you with an "exit" strategy. One of the things I'm looking to learn at TAINJ is how to develop and test a system. Never been able to do that. Have only written scans to help find stocks of interest. My success has come strickly from my ability to interpret charts coupled with lots of very hard work. Guess the later comes from my German heritage.

Looking forward to meeting you soon.

Best regards,
Bill
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