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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (25159)	11/29/2001 9:13:36 PM
From: TechTrader42	Respond to of 52237

Someone asked me in a PM what SAR is. It's an indicator that I've developed for traders, available for $999.99 a month, plus shipping and handling, in my award-winning technical analysis software program. Uh, well, maybe not. Actually, it's parabolic SAR, developed by J. Welles Wilder Jr., set forth in his classic, "New Concepts in Technical Analysis." (The book's expensive and technical, and I wouldn't rush out to get it, but for dedicated analysts who like to know how indicators are arrived at, it's an excellent book. One interesting thing about it is that it costs 65 smackeroos and the pages seem to be made out of construction paper.) Here's a link to more info on parabolic SAR: equis.com It's interesting to note that parabolic skis are based on parabolic SAR. And lift tickets are based on the parabolic price system. I wasn't kidding when I said that SAR has been long on the Naz since 10/3. It's a good indicator. There are a few of them, astoundingly enough. But the problem is whipsaws in non-trending markets. In some individual stocks, SAR has been whipsawed a bit lately, with sell signals that haven't gone anywhere. SAR hasn't given a sell signal for the Naz yet, but it gave one today for the Dow. Whether this will be a good signal or not remains to be seen. No sell signal yet for the SPX yet, either, but it did give a sell signal today for SPY. Maybe the trend is heading for a reversal soon.