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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (5379)	11/12/1999 10:15:00 PM
From: TraderAlan	Respond to of 18137

David, Your concepts demonstrate why it's so dangerous for the less experienced to go against the flow. Understanding trend relativity is not simple. Personally I focus on the long side when the RSI 14, 7 of the daily indices is rising from an oversold condition and the short side when it rolls over from an overbought condition. That's roughly been the swing cycle between the extremes of the multiple month SP500/Dow range. Nasdaq is another story. It broke out of that range in a major bull move. Now I only day trade but use the above as an indication how much sell power I'll see on a rising swing and how much buying pressure on a selling swing. It's a carryover of Elder's Triple Screen that I can't imagine trading without. Well experienced traders can focus in on the very short term successfully and not deal with the larger cycles. But many, many traders get caught up in cycle relativity errors and using the larger time frame is one way to stay out of a lot of trouble. Alan