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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Joe W. who wrote (2163)	7/23/1997 5:56:00 PM
From: Richard Estes	of 3325

Adjustment to periods are your first look. a 5 or 8 day ma or time span would work. But be aware you are increasing risk, trades, and obtaining small returns that are only increased by compounding, which compounds risk. Be totally sure you want to go that route and the money you use wouldn't dent your future happiness. The idea of NR4 or NR7 is to seek a constricted or narrow range in a end of day chart that is the narrowest of the last 4 or 7 days, with the expectation that the stock will move out of the range in a short but expanded move. you would simply be ready by placing orders .13 above high or low(shorts) of NR4/7. your exit requires a close watch of markets or stop orders. your first one would be at low or high of the NR4/7. Linear Trend which has been posted before is a good short term indicator if filtered for trend and its direction. I hestitate to suggest any because I feel it is rare that someone can get good returns from the stock market doing 1-3 day trades. The best attempt to give you a good view is the $100 book by Cooper, HIT and RUN Trading.

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