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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Russell Coburn II who wrote (1815)	1/8/1997 12:59:00 AM
From: David Russell Coburn II	of 12039

To all, Boy, did I ever blow it. Of my ten stocks, I am removing two from the analysis because they didn't actually meet the EPS and RS criterion. I initially included them because their charts looked very good. Of the remaining eight the results for 1/7 are below. -.250 -.250 even +.125 -.500 even +.250 -2.00 The last stock ended even at the end of the day but my theory was to put in a stop order on all stocks at -10%. This stock dropped about 13% and then rebounded. It would have been sold at -10% in the test. I am now down to seven stocks from the original eight. There are not exit signals on the 7 remaining stocks but it looks like I might get 1 or 2 tommorrow. Questions: 1. After looking at some of the charts especially the lower priced ones I see that dropping 10% and then rebounding is very possible. Is their a test or a historical trait to look for in a stock to minimize this risk. 2. I am lucky enough to work at a desk with a computer and internet connection, but I do not run my WOW program at work. Actually I'm not even sure if Dial Data has continually updated data to download. If they did I suppose you updated charts on an hourly/minutely basis. The point is I download each night and do my analysis at home. Once a day. In alot of the charts I've looked at it seems if you miss the first day you may have missed alot of the rise if not most. This is not to say that the rise is not quantitatively large, it might just be very fast, ie:one day. What strategy can I use at the office if I can see price updates "15min delayed" to act more quickly. I would like to have some of the thigh and not just the neck. 3. Do you have to get in the stock at the crossing? What if it crossed 3 days ago but the chart still looks good? 5 /> 13/> 40 Should 5 be increasing at a faster slope than 13 and 13 doing the same to 40? What if this is not the case but 5 is > 13 is > 40? 4. Two of the stocks on my list were actually up about 2.00 today. Does anyone use a technique to try to capture this gain. Maybe if a stock goes up by x% in a day put in a stop order at .y(x)%. This is unclear. Stock opens at $22.00 Goes up by 10% to $24.25 10% is trigger that starts the new stop position Put in stop order at $23.50 I'm a student at heart and would appreciate any help or ideas to try. Also point out my mistakes. I think my inclusion of the 3MA is a mistake and making me get in to soon. I get in and then if I don't have an escape hatch I might loose my 10%. What a drag. thx: DRC PS. Someone please answer 1, 2, & 3. I also have alot more details about the stocks I picked but I notice you don't see many actual stock names and prices on this thread so I assume that is the protocal. I don't want to imbalance a balance.

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