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Strategies & Market Trends : Technical Analysis - Beginners
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To: SteelBlueIce who wrote (1975)1/15/1997 12:21:00 PM
From: David Russell Coburn II   of 12039
 
Jerry,

Yes, SRSI is much better at getting in than it is getting out. I've been looking at SRSI(MA40), and DNS to get out (on succesful picks of course). I still use a 7 to 10% stop depending on ATR to get out of the bad ones. I also can now say that I have a real understanding of what a trend line is all about. These will now be incorporated into my profit taking exits. Your charts on PEV, CNC, and WTT are great. Especially CNC and WTT. Very simple to read and the intent is obvious. Channels (long and short term), Support, and Resistance all add significantly to my arsenal(sp) for getting in/out and setting targets.

What do the terms "oversold in an uptrend" and "overbought in a downtrend" mean and how do you recognize them?

Thanks for your help. Let me know if I can do anything.

DRC

PS. You'll be one of the first to get the new "DRCAwesome Indicator" when I'm finished with it.
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