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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Jack Landis who wrote (2979)	2/8/1998 8:58:00 PM
From: Loren	Read Replies (2) of 3325

Jack - Interesting questions... I have not done enough data-crunching to determine the answer on my stocks, but plan to. I think it would be a very powerful thing to know what a 'typical' trade looks like. I saw a book the other day in a bookstore called something like "The New Technical Indicators"... One section was on a technique where you modeled, from your actual trades, an average trade with variability limits around it. The graph defined what would be a normal range of trades... kind of like an SPC (statistical process control) chart. Presumably, if a trade went outside of the 'normal range', you would consider exiting it, to escape the possibility of giving some of the profit back through a correction. I will probably buy the book; it also has a great section of 'StocRSI', which is something you don't see in many books. I'll let you know if I pick up something really worth looking at... Loren

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