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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (8638)	9/18/1998 1:12:00 PM
From: Dale Wingo	Read Replies (2) of 12039

Thanks Dave, I see what you mean about trending thru the current market. These conditions are a real challenge for us TA newbies.. It has cast some doubt about the system I was getting comfortable with. Yes, I thought I'd begin with MACD's and something else for confirmation. I have decided on that piece yet. Now that I've sorta settled for the MACD's I find myself trying to make it "fit" situations that are inappropriate: It seems to be a nice fit for DELL but then I try it on CPQ (Trending?) and it hits the fan in the time since Oct 97. What I've decided to watch are up-trending, large-cap's with good volume as this to me seems to be one of the simpler groups to monitor, right? And you say that one set of parameters for the MACD (8, 17, 9 for very short term or 13, 34, 89 for intermediate term) should work for all? Just as trending stocks are different from ranging stocks and require different systems why isn't it also true that you could have different subgroups within each of those universes and therefore come up with a different "tuning" for your system? It just seems to me like you're using a sledge hammer on a finishing nail.. From all of the threads I've monitored I haven't seen anyone mention a technique that would be appropriate to use on ranging stocks. Have you any suggestions? I'm not trying to start trading multiple systems here, its just from a curiosity standpoint. I've been buried in the tool chest for several months now and have sort of lost track of what I was building so I hope you don't mind this little exercise in what I call "unzipping my gorilla suit as stepping out" to re-evaluate the big picture.. Dale

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