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


To: whydididothat who wrote (31437)3/5/2002 8:27:29 AM
From: Terry Whitman  Respond to of 52237
 
why,
You are welcome. That's what we're here for- to try and help each other out. At least, I think that's the plan.

As for the best indicators for position trades- that's a loaded question. If you're trading individual stocks- the stock chart itself should be the first indicator, IMO. However, the general direction of the market and the stock's sector are important too. There are always going to be contradictory indicators. Keeping an unbiased attitude will help in getting the correct read.

When the A/D line is advancing- I find that it's much easier to make money on the long side. That's why I find it hard to believe that people are trying to short this market- this is the strongest part of the market cycle wrt the A/D. The A/D has been rising for months and I haven't played the short side in many months. I don't regret it in the least.

For ST trading- first, you need to use ST charts. As for specific indicators- probably the TRIN and the TICK will tell you more about the ST health of the market than most. It also helps when the put/call ratio lines up with your read.

Few indicators are as good as Don Sew's class1 sells, BTW.

TW



To: whydididothat who wrote (31437)3/6/2002 11:49:38 AM
From: Terry Whitman  Respond to of 52237
 
WHy- here's a good screen for checking market inflection points. astrikos.com

Note how everything turned at around 1045. A low in the TRIN and VIX, a high in the TICK, and also a high in the SPX all occurred at the same point. If I were betting on it- I'd say that will be the day's high. But nothing is ever completely certain..

TW