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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (32759)11/22/1999 5:36:00 PM
From: Warthog  Respond to of 79201
 
dougR,

I have been experimenting with the following criteria
for a scan. (divergence of rsi and price)

1. the 5 dma of the rsi(13) is increasing for 5 days.
2. the 8 dma of the close is decreasing for 5 days.

Whenever this condition occurs, a mini banner appears in
the price chart.
If one waits for the price to close 10% higher than the
close at the time of the occurance, a sucessful entry can
take place. (about 90% based on a small sample))

The drawback is that it takes anywhere from 1 day to 6 weeks for the buy signal to occur.

this might be an area of interest for someone with more
experience to investigate.

wart



To: Doug R who wrote (32759)11/22/1999 6:18:00 PM
From: Warthog  Read Replies (1) | Respond to of 79201
 
dourG

interesting scan for Nov. 23 with EOD from nov 22.

BNYN BRKT GNET GNTA HAR ITVU LEAP MANU MIHL MUSE
OCCF QTEL SMSC SUPG TECH TTIL TTN TTP UTCI VICL
WWCA ZRAN

wart



To: Doug R who wrote (32759)11/22/1999 10:58:00 PM
From: RWS  Read Replies (2) | Respond to of 79201
 
Doug

Noticed the action in T today up 12% on double average volume. Been watching it since you suggested it as a long term buy.

Any comments re: short term trading T at this point?

Thanks.

RWS