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

To: MasonS who wrote (2141)	10/10/1999 8:06:00 AM
From: Vendit™	Read Replies (2) \| Respond to of 19374

The First chart I put up for those tickers you mentioned tells me several things because I have applied several indicators underneath the main chart; Stochastics, MACD, Money Flow and William's R %. askresearch.com Each of those technical indicators is a different statistical measurement of something having to do with the stocks daily trading activity. Some of these things are volume averages, demand, price direction and volatility. A good place to get an understanding of how to read these indicators is in the askReseach glossary which is located here. askresearch.com In the second chart I am really only keying on the main bollinger chart. The upper and lower lines that surround the stocks daily moves are a kind of a moving average that is calculated in two different ways and then plotted as you see them on that chart. 216.32.224.100 The important thing to understand about bollinger bands is that a stock tends to trade between those lines only. During low volatility times the bands will move very close together and shows a restricted trading range. It is during this period that a stock is said to be under accumulation. This is also telling me that a stock is getting ready to make a big move in either direction. A stock also tends to bounce from line to line like a ball. A move that begins at one band will normally end at the other band. You can see your question has a very complicated answer and I have only nicked the surface. This is a good place to learn how these indicators are applied. equis.com I recommend that you take one indicator and learn it well. Stochastics is a great place to start and is easy to understand and apply to your trading because it will show you buy and sell signals very plainly. Once you fully understand stochastics then learn MACD. Those two indicators together will give you a stock timing tool that is deadly accurate 95% of the time. To answer your question more directly about HIT, it is consolidating after this latest move and looks to be in a sideways pattern although stochastics looks like it wants to give a buy signal on Monday. A cross over of those two lines will be considered a buy signal although I like to see at least two buy signals before I jump on a trend. Money flow should point up as the next signal to buy and would serve to confirm what stochastics is telling you. Vendit