The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (9980)	1/5/1998 11:22:00 AM
From: Esteban	Read Replies (1) of 79182

Doug, Re PGDCEB exit timing: I would now suggest adding some technical analysis to the decision making process in the form of the intraday Bollinger Band/RSI combo. Thanks for the suggestion. I'd like to look at this. What are the values and bar length you recommend using. BB: I'm trying 21 ema with 5 minute bars. RSI: Intraday oscillators tend to be all over the board. I don't think it's possible to have an oversold RSI at the same time as the lower BB is violated if one is using the same intraday chart. It might work with different bar lengths. Re: For extra added aggressiveness one could consider adding to the position at two upticks from the low of the uptrend violation if the BB/RSI conditions are met. Am I understanding this concept? When the conditions of BB, RSI, and uptrend violation are met, you sell if prices continue to slide. If prices begin to rebound OTH, you consider adding to the postition. BTW, looks like another banner day for the recently generated PBDCEB signals. OXHP, SGI, QUAL all purring along. Esteban

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