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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: shades who wrote (63327)5/4/2005 8:52:28 AM
From: Moominoid  Read Replies (2) | Respond to of 74559
 
Look at a longer period and see what happened when that indicator was at the level it now is at:

stockcharts.com[w,a]waclyyay[pd20,2!i][vc60][iUf!Lw25]&pref=G

Looks like up to me...

I look for trends that are going to be a few months long. Shorter term trading is possible but needs a big time input...

It is time consuming to learn this. Once you get a method figured out you can just spend 1/2 a day say if you only look at daily data (though looking at intraday can be useful to see what the shape of the waves really is).

I have just worked out in the last few days a major improvement to my method. I just look at how a series of moving averages (5, 13, 34, 89 days say) stacks up - are they in the right order? i.e. even the quickest at the bottom and slowest at the top or vice versa. If not it can't be a bottom or top of sufficient duration for me to bother with it... In coordination with my own proprietary indicator that indicates very good trades, looking back at the data rather informally.

Together with E-Wave, breadth indicators etc. almost have a foolproof system LOL. We'll see how this goes. Mostly I just leave investments for a couple of years or more. But plan on doing trades over months time spans.