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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris G. who wrote (7335)	12/29/1997 8:04:00 AM
From: Chandler H. Everett	Read Replies (1) of 12039

Chris......a Zero cross, or a Moving Average cross, may or may not be meaningful ON THE GIVEN DAY depending on several other variables. I am a strong believer in Stan Weinstein's Weight Of Evidence theory that looks for a number of things seeming to happen together. As has been written here and in other places, a "crossing" signal in a Daily mode that is NOT supported by the Weekly indicators will have a very weak effect if it has one at all. If a short term indicator "cross" happens AFTER there has been a "cross" given by the Dahl indicator, the power of the short term cross is much more powerful. FWIW BW Chan

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