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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Richard Estes who wrote (2072)7/17/1997 4:19:00 PM
From: Richard Estes   of 3325
 
For those at TAOTN that saw my short term trading presentation, remember I mentioned GTW as a great stock to ST trade. Remember NR4:

HIGH - LOW < Ref(LLV(H-L,3),-1)

or NR7:

HIGH - LOW < Ref(LLV(H-L,6),-1)

An example of a great trade would be today. yesterday you got a signal. limit buy would have been at 38.13 with stop loss at 37.06. good for +5%. Display the above formula in a overlay of price and see how it looks.
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