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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Jim Baker who wrote (1487)	8/24/1999 6:48:00 PM
From: Vendit™	Read Replies (1) \| Respond to of 19374

I use end of day charts "only" to make buy decisions. I mainly use a combination of yesterdays end of day and today's intraday charts to make selling decisions. After I make a buy based on MACD and Stochastics and the rest I immediately start looking for my exit. Of course I would prefer to see "hold" signal as long as possible as a stock runs up. After my purchase I key in on the direction of the money flow line and the William's R line first. When both flatten or turn down I start looking for intra day support levels. If a stock goes below intra day support I normally sell. Support is something we have not discussed much but is something you should know about. There are several ways to determine support and resistance, trendlines as well as bollinger bands or even engulfing candles. Showing support and resistance on a message board is not an easy task for me since I use Java charts that I draw. Ill look around and see can find a good MB you can follow that explains this. It really is very simple once you understand the logic.