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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Russell Coburn II who wrote (1852)	1/8/1997 10:45:00 PM
From: David R. Evans	of 12039

Hello David, GOOD JOB!! I will get back to you with some more comments but I wanted to throw a few at you now to get you started.... When you are looking at OBV try putting a 40 day Exponential Moving Average on it. It is long when OBV is ABOVE the EMA and it is time to sell when OBV is BELOW the EMA. The 5 - 13 EMA cross is a good indicator BUT it might be too short term... I say MIGHT because I do not know what you're time frame is.... Put the 40 EMA up with them and see if they both stay ABOVE it. As long as the 5 EMA is above the 40 EMA the longer term trend is still UP... When you talk about Support & Resistance you need to look at 12 Month or more of data. I use at least 2 YEARS!!! In fact, if you draw a line from left to right accross the chart at each MAJOR top and bottom starting on the LEFT side of the chart I bet you will see them serve as Support & Resistance on the RIGHT side of the chart... WAIT FOR YOUR INDICATORS TO TALK, do not talk for them!!!!! Yes, your stock #1 MAY very well be a mistake BUT let your system tell you it made a mistake.... If going in you had 8 % as your loss limit OR something VERY STRONG was telling you to get out then I say SELL, but do not sell because they ALMOST tell you.... OK,,, That's enough for now..... Once again, GREAT JOB!!! This is the way to get a lot of information out there so we all can share.... Dave Evans world2u.com

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