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Strategies & Market Trends : Technical Analysis - Beginners

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To: William H Huebl who wrote (2104)1/21/1997 3:29:00 PM
From: David R. Evans   of 12039
 
Hello Bill,

I use the same set of Indicators on ALL the charts I look at.. When I get a BUY signal I buy and when I get a sell signal I sell. I will change the system I am using from time to time BUT I always stay consistent to the system I'm using... Presently I'm using StochRSI (14) as my initial scan. Once I get a buy from StochRSI (14) I check MACD (8-17-9), an Optimized Parabolic SAR, XTL, and a Regression Channel Breakout. The last three Indicators are only found in Advanced GET. I also limit the stocks I'm looking at to the 250 highest ranked stocks in Investor's Business Daily's database (RS & EPS).

I DO NOT look at ANY funnymentals!! Most times I do not know the Company's name or what they do. I ONLY look at their chart. I have found that the LESS I know about the Company the better off I am. I DO NOT fit the indicators to the stocks.... I limit the number of stocks I look at because I do not have the time to look at them all. If I'm going to limit them anyway I might as well limit them to the STRONGEST stocks available so I use IBD's RS & EPS rankings to do it for me...

How do you do it????????

Dave Evans
world2u.com
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