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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Bijan Khazri who wrote (2782)9/9/1997 4:20:00 PM
From: TechTrader42   of 3325
 
Yes, that might be a good idea -- weighing the components differently. But Dave has found -- and I've seen it with a few stocks since TAINJ -- that when all the indicators meet the criteria, you're usually in for a good move up, with little risk. I seem to remember Dave pointing out that it doesn't give you a lot of stocks to choose from, but when it singles one out, you can count on it. It's one of the most reliable systems I've seen, if not the most reliable. Wait until you find a stock with StochRSI rising over 30 and all the other indicators in place. It's not really something that can be system tested -- it just works.
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