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


To: Jeff Guy who wrote (10727)9/15/2000 6:32:32 PM
From: smchan  Respond to of 39683
 
how about MSFT here?

I know this was aimed at TC, but I'll give my opinion just the same if you don't mind. :-)

Let's look at it with stochastics and OBV (from what I think of as MAX-Fall 2000).

207.61.23.99

That's a serious spike up on the OBV, but the stochastics haven't really confirmed. I personally like to see stochastics thrust up thru the 20 band for confirmation on the long signal.

In my rookie opinion, it's a pretty chart and a safe long. I'd watch it Monday morning for a possible position.

Sam



To: Jeff Guy who wrote (10727)9/16/2000 9:33:26 AM
From: Dr. Stoxx  Respond to of 39683
 
MSFT doesn't fit the sort of hourly price pattern we need with this system. I think the backtests will confirm this.

TC