MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: StockOperator who wrote (7462)	3/3/1999 11:17:00 PM
From: HairBall	Read Replies (1) of 99985

SO: If one were using monthly charts for alerts, the July 98 drop would have been close to over before one would have noticed. Now if the Market begins a slow grinding multi year bear, then the monthly chart may well work. The weekly chart will give one a quicker signal than the monthly, but it will still slow the alerts. In my opinion there is nothing one can see on the monthly or weekly charts that cannot be seen or charted on the daily. And, the daily allows for quicker alerts. If one wants to smooth the singles, one can increase the time frames. I have been charting for many years and have totally migrated to daily or intraday charts. I rarely find weekly charts useful, much less monthly charts. The only real use I find for weekly or monthly charts is to clean up the plot of multi year charts, graduating to the weekly and monthly plots as needed. IMO BWDIK Regards, LG

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