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Strategies & Market Trends : Technical Analysis - Beginners

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To: Jurgen who wrote (8230)3/30/1998 10:48:00 PM
From: Richard Estes  Read Replies (2) of 12039
 
Thanks for the kind words, I am sure I will drop in from time to time. We all have within ourselves the ability to learn and to share. I decided I needed to increase my efforts in my own trading for awhile. I want to get rich(G). I don't let gnats bother me. The decision to slack off awhile was for my benefit.

I think Price has it over volume in the indices. the advance/decline line has lost a great deal of its value in last 10+ years, I see no correlation. The highs-lows are useful for intermediate turns. Highs over 300 reflect serious overbought, high under 30 reflect an oversold condition. lows above 100 and under 20 for OB/OS. I use trin and tick to call intraday.

Dahl has come up lately, it is showing the primary trend. I use it to determine if I should be on the long or short side of a trade/index. It may not get bottoms or tops but it is often smarter than the "investor" on trend life. I have not found real changes to make to it except playing with MA type.

Scan for true range over 1.62 on stocks under $30 noting that these stocks moved in one day over 5.4% move. see the large number, that is volatility and requires fast hands.
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