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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: geoffb_si who wrote (10769)	1/4/2003 5:01:06 PM
From: Al Collard	Read Replies (3) \| Respond to of 11802

Geoff, 1) "You seem to prefer slow stochastics over RSI. Any reason why you like one over the other (they both seem to be similar indicators)"? This is not an indicator I rely on without looking at the other indicators in tandem. I look at it quickly to see if a stock is over bought or over sold. Stocks can stay over bought or over sold for long periods of time. But if a stock is showing it's over bought and has the resistance of a major MA directly above, this tells me to be very careful of a pullback. 2) "The chart indicators you seem to like are: EMA(20), MA(50), Volume, MACD, Slow Stochastics and Candlesticks". I like the ADX as an indicator also. 20EMA and 50MA: A general rule of thumb I use is, if a stock is trading below it's 20EMA it's a short, if it's trading above it's a long. When a stock has it's 20EMA cross atop it's 50MA it is time to jump in on the long side. These 2 MA's are very useful as resistance and support points. MACD: A crossover on the MACD is a good buy signal. 3)" Do you give more weight to any one (or few) indicator(s)? Or do you look at a chart as a composite of all the indicators, giving each equal weight"? The 20EMA is the bible. Used as resistance or support it's the 1 indicator that is hard to deny. 4) "How much influence does fundamentals have in your decision-making?" I suppose F/A is always used as a tool. It's nice to know when assay results from drilling are expected. The problem with F/A is it's very confusing. How many times have you waited for news from a company only to find it gets delayed for one reason or another? I hold very few stocks LT so F/A is not that useful to me. 5) "Have you ever found any use for Chaikin Money Flow?" No. When daytrading I can tell when money is moving into a particular stock, it's called MOMO. The fewer indicators I use the less confused I get. 6) "What's your favorite T&A book (not including Sports Illustrated Swimsuit <gggg>)"? Trading for a Living by Dr Elder. Here's a good link to get started with candle analysis: fp.cantender.com Not sure if any of this helps. There are many traders on SI with better T/A skills than I. T/A is not the bible on penny stocks, penny stocks move on news. T/A just identifies that news is coming. Regards, Al