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Strategies & Market Trends : Technical Analysis - Beginners

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To: Gary Ball who wrote (189)	10/2/1996 1:48:00 PM
From: David R. Evans	of 12039

Hello Gary, Yes, the MA Crossovers will get you in and out a few days after the move BUT they will also keep you away from many of the wipsaws you will get if you trade shorter!!!! There is always a tradeoff... What charting software do you have?? iF you only have TC2000 you can consentrate on the MA crosses like the 5-13-40. You could trade the 5 crossing the 13 with the 40 serving only as the long term scout... How? You only look at a stock if price, 5 day and 13 day Moving Average is ABOVE the 40 day Moving Average... Now you go long when the 5 crosses ABOVE the 13... When the 5 falls below the 13 you sell... If that's too long try a 10 day TSV with a 13 day Moving Average on it... When TSV is above it's 13 day Moving Average you go Long. when TSV falls below it's 13 Day Moving Average, you sell... BUT, ONLY BUY if the 5 day Moving Average is ABOVE the 40 day Average!!! Why?? Because that will keep you on the right side of the trend..... Also make sure RS & EPS is 80 or ABOVE..... Another Longer Term Indicator that you should look at is On Balance Volume and it's 40 day Moving Average. ONLY buy if OBV is above it's 40 day MA.... If you have Windows on WallStreet or Metastock try a StochRSI (14) which looks as follows: Mov((RSI(14)- LLV(RSI(14),14)) /(HHV(RSI(14),14)-(LLV(RSI(14),14))),14,E)*100 To trade it you would buy when price crosses ABOVE the 30 line and sell when price drops BELOW the 70 line..... As you can see I also like to trade short term BUT I always look at the Longer term indicators... The best way to make money in any market is to be on the right side of the TREND... Trade in and out but only on stocks that are going up... Dave Evans

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