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: Chris who wrote (29842)	2/12/2002 9:11:22 PM
From: j g cordes	Read Replies (4) of 52237

Chris, great chart.. if you'll allow me to express some thoughts.. I'm sure you'll agree that the whole purpose of charts is to visually indicate one's opportunities to go long, short or stay out of the market or a particular issue. On your chart the top indicator seems to be a smoothed average calculation.. average true range as a stochastic? Or perhaps vertical horizontal filter used to discern trend range changes. Regardless of how you constructed the occilator its important to connect the potential buy/sell points the trend/range-momentum suggests to the real events in the stock. A vertical line would do... This vertical line would also connect to your lower momentum occilator. If the line isn't vertical in connecting events, then you'll know if they're are lagging or predictive indicators. As it appears IBM could enter a new upswing in price if your upper occilator turns bullish, it would be helpful to extend this chart over a larger time frame to exclude the extremes we've had during the time period indicated just to see how they looked in the past. Its very hard to find a look ahead indicator that has money making odds.. the holy grail, if it was everyone would know it and then it would become useless. However.. I've observed that IBM in March often goes down to get ready for an April rally. The current timing for a rally might be early... or a run to 110-2 and down. In this poor chart from an interactive site: askresearch.com one can see that every time the 20 day moa crossed down over the 200 day moa IBM fell another 10%.. in early 2000 it was a faster pattern but held.

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