Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (368)	7/16/1999 6:31:00 PM
From: Matthew L. Jones	Read Replies (1) \| Respond to of 19219

Teresa, Thanks for the email. I'm still wading through the info. This is kind of "new paradigm" for me. I don't really understand the theory behind the divisible by 3 time frames. In fact, Dr. Alexander Elder in his classic "Trading For a Living" talks about a rule of 5. Specifically that there are roughly 5 hours in a trading day, 5 days in a week, 5 weeks in a month and relates that in terms of using hour, day, and week charts. Using the basic chart that has the cycle length you are wanting to trade, (e.g., using an hour chart you may trade for 2-3 days swings, and day charts would give you signals for 2-3 week swings) and using the next larger time frame (e.g., day chart for 2-3 days swings or week chart for 2-3 week swings to check the direction of the "overall tide" and to only enter into trades in the direction determined by the "tide" (which can be readily ascertained using the last two ticks of the MACD histogram on the larger timeframe chart). As for support and resistance, I currently use +-2std dev Bollinger bands on a 10 EMA for timing entry and exit points in conjunction with RSI and/or Stochastics for leading indicators of imminent market direction changes (over bought or over sold conditions). I am always looking for ways to build a better mouse trap so I am intrigued by your approach to support and resistance. I am also interested in how to find out what the herd uses for signals so I can use that info in refining my strategies. Thanks again for your detailed response. Matthew L. Jones

To: Teresa Lo who wrote (368)	7/17/1999 12:58:00 AM
From: ynot	Read Replies (1) \| Respond to of 19219

* OT * i'm new to this thread and actually your post attracted my attention my preference is candlesticks in conjunction with other TA indicators which i am just starting to learn MACD RSI Momentum Bollinger Channels two questions i am intrigued by J Bernstein COMPLEAT TRADER and his use of 'derivatives', of the indicators above are you familiar with the approach? can you suggest options primers? i am working on models (visual first, then neural) that include PRICE, TA, FA, Sentiment (realtime messages) and Options pricing the options price because i believe that 'news/speculation' hits that market first and my version of Sentiment as i have seen trader 'views' on SI/ICQ BEFORE volume and price movement--BIDS/BII.to, which also has an arb element thank you ynot ;)