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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Christopher who wrote (10593)	6/7/1999 6:17:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

When Catlady asked if you used an MA, you said that"dividing each days individual closing prices" is correct. Now if I compare only daily price of a sector, group or stock to S&P 500 there is over/underperformance each day. You would never get your two month trade that way. Any day that a stock did not increase or decrease at the rate of the S&P would be a buy or sell. No whipsaws? You spoke of getting in early on your stocks, if they are outperforming your market then aren't you further down the line before buying. You told Terry: ====================================================== Christopher, you talk about the stock generating the buy signal. By this I understand you mean when the price moves through a trend line or MA. Would this also include support and resistance levels? I take it then you use RS to find the sectors and the stocks within those sectors then use trend lines and MA to signal your buys? Terry, Your first paragraph is 100% true. I also look for chart patterns and valid breakouts ====================================== What MAs do you use for your trades? Do you have examples to show your way of trading sectors? Don't you use explorations? you could copy and paste them here. It would show us what you make decisions on. The IBD ranking for groups and stocks compares all other groups and stocks against each other. Not just 500 stocks.