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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Russell Coburn II who wrote (1971)	1/15/1997 7:59:00 AM
From: SteelBlueIce	of 12039

Hi David, As good as SRSI is, it's not perfect, no indicator is. That's why we use them in conjunction with others. Your moving average addition is a great idea, continue experimenting but consider this as well: Concentrate more on SRSI for entries, long or short. Find a very oversold condition in an uptrend or a very overbought in a downtrend. For an uptrend,I like to see DNS that has been in a range of 8 first with a base no lower than 5. When SRSI is gets oversold, look at a reversal day, increased volume and the like to signal you in. By using trendlines and channels, you should be able to clearly define a target and use that information to help guide you out. Using SRSI alone for a sell is kinda tricky and inconsistent as your test will show. Better focus on support and resistance levels in my opinion. A very good example of what I've described is CNC, I have the chart posted at the site. It had all the above going for it and if you notice was breaking out of an upside triangle. DNS works best with breakout patterns, I find. Regards, Jerry

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