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Strategies & Market Trends : StockCharts.com -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (563)	4/23/2003 9:55:36 AM
From: Cush	Respond to of 836

Good Morning, Bob. Here are a few thoughts on the StockCharts.com features that I use most. Charts & Annotations. This is the biggest one for me. I guess I've studied tens of thousands of charts over the past five years. As I see it, getting the eye adjusted to chart patterns is a key to successful Technical Analysis. It's crucial to me that the charts come up fast and with my settings. That's another thing I believe is that TA works best if you can settle on certain indicators and parameters and stick with them. I annotate a lot. I annotate where I see signals with MACD, Stochastic, Moving Average crosses, DMI crosses, Support and Resistance lines. I have a Favorites List with the Major Indexes (Dow, Nasdaq, TSX, HUI, and XOI) with both Daily and Weekly settings. Often I work from the Chartbook view and go directly to Annotation. I find this helps me focus. I have about 30 Favorites Lists; Indexes, Sectors, Individual Sector (stock lists), My Stocks, Stocks with Volume and Price that I watch, etc. SharpChart View I use this view when I hear about anything I want to look at during the day. With this I can quickly flip through a few of my favorite settings, and add something to one of my lists if it looks worthwhile. Scan Engine I've got about two dozen scans that I can run. Usually I run them on one of my Favorites Lists that has about 100 stocks that I feel are worthwhile watching. CandleGlance View I use this when I want to skim through a lot of stocks in one of my lists, looking for certain patterns, like maybe where the RSI is. MarketCarpet in the next post ...

To: bob wallace who wrote (563)	4/23/2003 10:14:57 AM
From: Cush	Respond to of 836

Using MarketCarpet feature. I use this every weekend, and sometimes during the week. On the weekends, I evaluate the Indexes, the Sectors, and my own holdings, (Favorites Lists) using the MarketCarpet. Sometimes, I'll run it on one of my Favorites Lists that has about 100 stocks that I actively follow looking for trading opportunities. I usually want to see how the Indexes performed versus one another, or the Sectors, for the previous week; so I back it up for 6 days. Sometimes I'll take a look at the Month-to-Date performance. As an example, if I'm currently holding gold stocks, I have a Favorites Sector List that has about 15-20 gold stocks. I might run a MarketCarpet and discover that the 3 or 4 stocks I'm holding haven't performed as well as others in the Sector, for the past week or month. Then I might run a PerfChart with a few of these. Something like- stockcharts.com Note that if you click on the small graph icons, bottom left of the display, it'll flip nicely from a line to a bar graph. Using that, I'll cursor back a few months and evaluate the performance of my stocks versus each other and others and the HUI index and the S&P. That helps me decide whether certain stocks have a history of outperforming others. In 2002, I used this technique to decide on BGO.TO and ELD.TO amongst others. I don't know if any of that helps any, Bob, but that's how I use the MarketCarpets. Cush

To: bob wallace who wrote (563)	4/23/2003 10:24:33 AM
From: Cush	Read Replies (2) \| Respond to of 836

Bob, here's one final thought I have. These markets have been incredibly difficult to trade. Because I've been doing this for a living, for about five years, I decided to stay in the markets this year. My wife and I talked, and I said the wise thing to do would be to just go into cash, but that's not an option for me. I need a certain income from my investments. Bottom line - this has been frustrating. The charts tell me that most of the market is unpredictable, and that's not what I want to hear. I think the charts are reliable. I think the market has been unpredictable, too many signal reversals. Because of this, I haven't been charting as much. No point, right now. But these markets will eventually start to make sense again. More investors will come back. For now, I work on my TA skills. I'll be ready for the next tradable period. I'm waiting. Cush