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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (8014)	6/4/2000 4:51:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

Like you, I've all but given up on trendlines and chart patterns. One woman's head and shoulders is too often another man's bull flag (...there's a good joke in there somewhere!)...if you know what I mean <ggg>. Stochastics still have merit, as far as I'm concerned, but only when there is divergence, and only with stop losses. And even then, I would only use them now (after this success with MAX's) as a way to time long-term investment positions, not for trading purposes. Like you I like the MAX objectivity. It's either long or short, and the value that gives the signal is purely numerical. Also: a short/long signal means the stock is already moving in the right direction (with our shorter MA's, not for very long), which cuts out the waiting period for those who use the sort of buy-stops needed with leading oscillators. TC