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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (781)	2/10/2005 10:47:25 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

What kind of oscillator are you using for PMSL? Ray, as you know,Moving Averages are one of the oldest and perhaps the most widely used TIs.They show the average value of a security's price over time. The charts I use employ an exponential MAv.,which gives more weight to recent prices, and is calculated by applying a percentage of today's C to yesterday's MAv. The longer the period of the Exp.MAv.,the less weight that is applied to the most recent P. (One advantage of an Exp.MAv. over a simple MAv.is its ability to pick up on P changes faster.) As you know,a 10ds MA is much more sensitive to moves than a 50ds MA but it will also give a larger number of "false moves".<g> The term of a MA is variable,and sometimes have to be adjusted to a particular stock or index, an S average range is from 5 to 25 days,on a "daily chart", a M average rannge is from 25 to 100, and L average 100 to 250 days. Formula: for an EMAv is: Exponential Percentage = 2/Time Period + 1 so that a 50-day EMAv will have a 3.9 % EA (.039 = 2/50 + 1) And the most recent day will be weighted 3.9% of the value of the EMA. Although sometimes I look at P&F and candlestick charts,OBV, Linear Regression,Stochastics,Bollinger Bands, etc.,I try to keep things simple.<g> If P moves above S that is a "bullish signal" and if it dips below it a "bearish signal".<g> If S is able to cross over M that is bullish and viceversa if it goes under it. For a stock or index to be on an UPTREND, PSM&L all should be each one above the other.(On a descending order.) (The wider appart the more risk of a possible correction move as that is an indication that things are getting a little "overbought".<g>) And of course I also like to keep tract of previous Hs and Ls as possible "resistance" and "support" levels as well as changes in % volume. (Money Flow or Worden's BOP.) Bernard