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Strategies & Market Trends : TA- Advanced GET
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To: Helene Delisle who wrote (90)11/9/1996 2:02:00 PM
From: Richard Estes   of 1551
 
I always go fibonacci number; ie 13 unless there is overiding reason.

the oversold level -100 or -150, the overbought +200 for CCI.

The canned setting for classic indicators usually have been set for Futures which do not make large percentage price moves. They must be adjusted for fast CANSLIM movers. Might be all right if you are buying IBM but not a ATMX or WTSLA. What it takes IBM to do in a year, they can do in a week. That is why you find many futures traders when they buy stocks; buy hi cap stogies.
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