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Technology Stocks : AAPL? How to trade/invest?
AAPL 255.53-1.0%Jan 16 9:30 AM EST

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To: xu, b. who wrote (15)4/12/1996 1:43:00 PM
From: Jaime H. Ayalde   of 162
 
Xu, b.,

What I meant by waves falling between 14-21 is that I think this is the range of units that should be used when calculating Stochastic, RSI, ADX or MACD. It is interesting to note that most systems sold have the 14 unit default. What do you think is AAPL's major wave? I am thinking 28 - 32.

You are right about - the more people that follow a system, the less effective it becomes. I noticed the rage of the RSI back in the early 80's. What a money maker it was. It turned into a trap and very inefficient as the floor understood what the public was using. The stochastic was then derived. They are mathematically very similar. (I am speeking as a futures trader here)

MA's are lagged by half their unit length. That is why I only use exponential averages. To smooth this out.
They reinforce my thinking but are not my triggers for action.

Try looking at this site:
mvision.com
For overview of the SOX & other Indexes. Has 15 minute delayed charts of futures,indexes stocks (AAPL) etc.

Tell me what you think of this wave principle: this is one of my basis of analysis. (Wave analysis)

It is a good introduction to the theory. I do not recommend the software, I only refer you to it to understand the general theory. Robert Prechter wrote the best introduction to this Principle. R.N. Elliots writings can also be researched.

cewa.com
Look at:
Brief overview
Simply explained
Look at the rules

In my opinion we are finishing 5 of C of II. for APPL.
5 of C of II will not mean anything unless you understand the principle.

Good trading
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