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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (7382)	1/1/1998 11:23:00 PM
From: feewaybill	Read Replies (1) of 12039

Hi Dave , Thanks for the review of IBM using all your favorite indicators. Its interesting how you use the short term indicators and blend in the long term ones also. Could we take this IBM example a little farther. Let's say we liked the looks of IBM. Its StochRSI(14) just crossed up through 30. MACD (8,17.9) just crossed above 0. DNS crossed 5 heading up and all the others are looking good as well. We enter the trade. IBM moves up the hill in price. After a week or two the price starts sideways and our StochRSI(14) now signals a sell by returning back down through 70. Since we entered the trade using the StochRSI do we always have to exit using it? If the market looks strong and DNS is at 8, DAhl is above 0, MACD 13,34,89 is still moving up, can we switch to a longer term trading system and try to catch the next hill? Soak those fingers in cold water will help the swelling go down........thanks .....Bruce

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