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Strategies & Market Trends : Predicting news and runs for big % gains -- Ignore unavailable to you. Want to Upgrade?

To: lindao who wrote (1370)	3/22/2000 10:51:00 PM
From: scouser	Read Replies (1) \| Respond to of 2182

Lindao, you are right in your assumption as to the oversold and overbought levels, I believe williams% is a better leading indicator than RSI as the RSI calculation smooths out the peaks. wiliams% First determine the highest high and the lowest low prices during a specific period n. Subtract today's close from the highest high and divide by total range of the lowest low and highest high. Multiply by 100. (highest high over a period of time n) - (today's close) %R= --------------------------------------------------------- (100) (highest high of period n) - (lowest low of period n) When the closing price is near the top of the recent trading range (above 80%), the security is in an oversold condition. The overbought condition exists at a point below 20%. RSI The Relative Strength Index requires a certain amount of lead-up time in order to operate successfully.The formula for calculating the RSI is: rsi=100-(100/1-rs) rs= average of x day's up closes divided by average of x day's down closes I have found clearstation.com as a good basic T/A site, here is one that defines most indicators. wallstreetdirectory.com A search on yahoo will find a multitude of sites. right here on SI also has some good stuff. siliconinvestor.com The main theme of the thread is to use w% on glatlined BB stocks and watch w% cross up and over the -50 line -with vwry little price rise- a sure indicator of a run on the stock! S.