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Strategies & Market Trends : Point and Figure Charting

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To: Smooth Drive who wrote (10463)	11/29/1998 2:21:00 PM
From: Judy	Read Replies (1) of 34809

Hello, Eric My time frame for a straight momentum trade lasts from 1-7 days typically. Metrics I employ are the 5/13 day emas such that strong stocks with positive momentum tend to hug and bounce off their 5-day emas. Positive momentum becomes impaired when the 13-day ema is violated. Needless to say, these metrics must be used within the overall market and sector context. Moreover, these metrics may be less applicable for thinly traded stocks that are easily subjected to mm manipulation. P&F tends not to be as applicable since a time lag exists between the necessary reversals up/down to generate the respective buy/sell signals. Within that time lag a typical short-term momentum trade could be completed ... however the P&F indicators serve to confirm the longer-term trend for a positional trade.

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