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

To: bdog who wrote (11655)	3/7/2001 9:25:21 AM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

At least with the penny stocks he's been focusing on, such as MYCO and and ECNC, it would seem that the time frames would have to be pretty long. Hope springs eternal, ya know. It's my guess that most traders using TA wouldn't be dealing with "pennies." I don't know how effective TA is with penny stocks. Most people holding them discuss the fundamentals at length, the lofty hopes for the future, while the penny stocks move around in a narrow range, or often gradually wend their way lower. Sometimes they soar briefly, and amidst all the high expectations, only a few get out in time. The clock's set to 0 again, and the months or years of waiting begin again. Occasionally one really takes off, and another legend is born, fueling hopes for other penny stocks that won't ever take off. But whatever.

To: bdog who wrote (11655)	3/9/2001 1:27:41 AM
From: Ronald P. Margraf Sr.	Respond to of 12039

Morning Bdog, Well to keep it in the context of simplicity, try these settings: MACD - 9 days ADX/ADXR - 14 days STOCHASTICS (weighted) - 14 - 3 -3 ALERT w% D & RSI - 14 MFI - 7 days Now myself over the years I have found these to be the most promising. Remember, no program takes in current events so you have to plug that value in on what you think it is worth. Also remember this, todays market is a fast market. Folks don't want to hang around long an unless you are a 5, 10, or 15 year time-liner, then you really don't need a program except to buy. You then use it to buy an not to trade. If you are trading with short horizons, then these settings might help you.;-))))))) NJMO. These are the settings that I am set too an they have really worked for me. Hope this helps an answers your questions. Good luck. Try them, I think you will like them.;-))))))))) Ron