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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Skipperr who wrote (7192)3/21/1998 3:48:00 PM
From: Chris  Read Replies (1) of 42787
 
one thing i want to point out:

i think momentum indicators are the key.. overbought/oversold oscillators are ineffective IMO..

if you are a technician, you should know that OB/OS oscillators do not work in a TRENDING MKT. we are in one right now.

it's the momentum indicators that i look at.. as you know, a stock/mkt that is overbought can continue to go up.. perhaps the pullback is a bit stronger, but hopefully your momentum indicators will forewarn you that.

just my thoughts to your statement:
<<<
Also, another observation. Last week on Silicon Investor, it seemed that everyone was bearish. I've seen that before and the market acted then as it did now; it went up. These are sophisticated investors using good TA programs. I'm wondering if all previous forms of TA are somewhat outdated because everyone is using similar oscillators, etc. If we want to stay ahead of this market, maybe we should come up with new ways to identify undervalue, overvalue, and getting with the trend and just staying with it.>>>

WELCOME BACK SKIP.
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