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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chandler H. Everett who wrote (7358)	12/29/1997 4:29:00 PM
From: Chris G.	Read Replies (3) of 12039

Chan and Richard, Firstly I just got off the phone from Equis. And the problem w. the OBV?....was that I was dropping a 40dy ma of price, not obv. I was dropping the 40dy ma just in the inner window itself, and not exactly ON the OBV line. So that's why it was off. Geez, I'm glad we got that staightened out!<g> Now, about the amount of buy/sell signals, I'm getting like 5-10 buy signals, loosing about half the trades, but coming out w. a 16% (I've only looked at 5 charts so far) gain. Unfort. though, it's holding me in too long..several were 1/2yr. Needs more tweaking<g> About the weekly vs. daily bit? Equis said I didn't need to change any indicator time periods when switching to and from. That the ind. were reliable on both daily and weekly charts. So there's a little discrepency. Chan, what do you gain from looking at the weekly vs. daily charts? And I understand one MUST trust their system, But my buy/hold index's haven't been very hot when making 10 trades at 20/in, 20/out commission fees. Thanks guys for the help! Chris

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