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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (11076)1/29/2001 1:13:36 PM
From: TechTrader42  Read Replies (1) | Respond to of 12039
 
A nice chart, Chris. Your charts are always clear and revealing.

QQQ looks dangerous in a daily chart. There's a good chance it could head back down to the middle Bollinger band, and maybe lower after that.

The gap is revealing in your chart.



To: Chris who wrote (11076)1/29/2001 5:21:42 PM
From: Bald Man from Mars  Read Replies (2) | Respond to of 12039
 
thanks for the chart, but what is the bottom indicator ???



To: Chris who wrote (11076)1/31/2001 3:16:26 PM
From: Trader X  Respond to of 12039
 
did somebody mention SAR?

I've found that parabolic SAR in a choppy consolidation period is more likely to give you whiplash from a whipsaw than to make you money.

this chart of SNDK shows SAR, stocastics and MACD. Stocastics was most rewarding in the 3 month non-trending price range period. Stocastics would have gotten you out before the 15 point drop last week, while with MACD you'd just be getting a nice tax loss yesterday. SAR, not even close. MACD wold have been best used to confirm the moves indicated by stocastics.

chart.bigcharts.com