Strictly Buy and Sell Set Ups Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly Buy and Sell Set Ups

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tonywyatt who wrote (614)	11/30/2004 11:10:44 AM
From: chowder	Read Replies (1) of 13449

>>> If I were only looking at the technicals I would be waiting for a buy opportunity, as it is overbought. <<< If you buying break outs, you want to see it overbought. You must know what type of pattern you are trading in order to use the indicators properly. Overbought and oversold is an oscillator type of indicator. Oscillators are effective in markets that are choppy or trading sideways. They are ineffective in a trending market. Since HNR is in an uptrend, you would ignore oscillating indicators until you see a reversal candlestick. The ideal place to buy HNR was 3 days ago after it gapped up at the open and it broke above a long term pivot point. Now that it is trending, we must monitor the indicators that measure trend. That would be the momentum bands and MACD. stockcharts.com[h,a]daclyiay[pd10,1!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next