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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Doppler who wrote (21757)	3/7/2000 12:11:00 AM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 63513

Jeff, I like MACD and then also looking for volume spikes at lows or highs. With price objectives, I would still defer to anyone else. I never really learned the formulas (though they have been posted here many times) since I always picked my price objective by eyeballing the chart, topping action on the bar/volume or plain ole gut feel. My understanding is that the vertical count is more accurate though. Tom

To: Doppler who wrote (21757)	3/7/2000 12:59:00 AM
From: Don Pueblo	Read Replies (1) \| Respond to of 63513

Hope you don't mind me butting in... The oscillators that I have found that I can read most accurately are, in order, RSI, MACD, and Stochastic. Interestingly, I studied Stochastic for three years before I ever even looked at MACD or RSI. I didn't really get much out of any oscillator until I started looking for patterns...such as the one I call "the double hump"...and which has been observed by more than one person who thinks they saw it first. (I saw it first. <g>) As far as POs (non P&F) I would suggest a book by Thomas R. DeMark, called "The New Science of Technical Analysis". The first couple of chapters contain some excellent insights into POs vis-a-vis trend line changes/breaks. I've been able to make some extrememly accurate calls on tops and bottoms using this information. The book is not simple. But for your money, you will get some good data on analysis of stochastic, MACD, and RSI, as well as three proprietary filters that DeMark invented. One of these proprietary filters, called "Sequential" is really amazing. I mean, it is really amazing for long term picks. ...and tell JXM to stop giving out all the secret stuff. Sheesh.