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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: rchlrvn who wrote (6218)3/10/2005 2:18:14 PM
From: Venditâ„¢  Respond to of 8752
 
rchlrvn

Williams is always the first indicator to turn up. Never buy on that indicator alone. Normally you will see a hammer form on a down trend and then William’s will go flat or bend up. Now you have two confirming indicators that the trend is changing.

Next look at fast stochastic (5-3-3). The best setup would be to see the fast line crossing the slow line at or about the 20 on its scale.

If all of the above criteria has been met, then you have a buy. (assuming the stock or index has a good trading pattern)

IIG met those criteria 3 candlesticks back.

139.142.147.218

Reid