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Strategies & Market Trends : Technical Analysis - Beginners

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To: Jack Landis who wrote (7470)	1/3/1998 10:06:00 PM
From: Loren	Read Replies (2) of 12039

Jack - Although I'm not new at all to SI (normally stay on threads of stocks I already hold or are interested in buying), I am brand new to this thread. I'm glad to see this thread exists, because I tend to get very compartmentalized with my trading... I trade using DMI and MACD indicator systems. I trade more slowly than most, using these indicators on weekly data rather than daily data. My two cents worth regarding your questions... You mentioned using stochastic and RSI with a trending stock. These two indicators are oscillators, which by definition means they are to be used for oscillating or trendless stocks. Once a trend is established (detected by MACD or DMI or similar trend-following indicator), I think you should be careful about using oscillators. Have you tried using DMI/ADX or MACD systems? They simply identify when a stock establishes an uptrend. You buy then. When/if the uptrend breaks down, you sell. Loren

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